Analysts Set IMI plc (LON:IMI) Price Target at GBX 2,579.17

IMI plc (LON:IMI) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,579.17.

IMI has been the topic of several research analyst reports. Berenberg Bank upped their price objective on IMI from GBX 2,300 to GBX 2,550 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Peel Hunt restated a “buy” rating and issued a GBX 2,450 price target on shares of IMI in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on shares of IMI from GBX 2,500 to GBX 2,850 and gave the stock an “overweight” rating in a report on Tuesday, August 19th. Jefferies Financial Group upped their target price on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada downgraded shares of IMI to a “sector perform” rating and upped their target price for the stock from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th.

Insider Activity at IMI

In other news, insider Luke Grant sold 271 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of GBX 2,301, for a total transaction of £6,235.71. Also, insider Ajai Puri purchased 1,000 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were purchased at an average cost of GBX 2,235 per share, for a total transaction of £22,350. In the last three months, insiders purchased 1,268 shares of company stock worth $2,846,052. 1.10% of the stock is owned by insiders.

IMI Stock Performance

Shares of LON:IMI opened at GBX 2,334 on Tuesday. The company has a market capitalization of £5.75 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.12 and a beta of 1.08. The firm’s 50-day moving average is GBX 2,288.57 and its 200 day moving average is GBX 2,093.53. IMI has a 12 month low of GBX 1,555.96 and a 12 month high of GBX 2,355.36. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

IMI (LON:IMI) last released its earnings results on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Research analysts predict that IMI will post 137.9737609 EPS for the current year.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.