Brokerages Set IMI plc (LON:IMI) PT at GBX 2,637.50

Shares of IMI plc (LON:IMI) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 2,637.50.

IMI has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of IMI from GBX 2,490 to GBX 2,500 and gave the company a “buy” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of IMI from GBX 2,500 to GBX 2,850 and gave the company an “overweight” rating in a research note on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of IMI from GBX 2,250 to GBX 2,625 and gave the company a “buy” rating in a research report on Friday, August 1st. Berenberg Bank raised their target price on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada lowered IMI to a “sector perform” rating and lifted their price target for the company from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th.

IMI Stock Down 1.1%

IMI stock opened at GBX 2,434 on Friday. IMI has a 52 week low of GBX 1,555.96 and a 52 week high of GBX 2,572. The business has a 50-day simple moving average of GBX 2,336.75 and a 200 day simple moving average of GBX 2,187.57. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The company has a market cap of £5.99 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

Insider Activity

In other IMI news, insider Luke Grant sold 110 shares of IMI stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of GBX 2,280, for a total value of £2,508. Also, insider Ajai Puri bought 1,000 shares of the stock in a transaction on Thursday, September 25th. The shares were acquired at an average cost of GBX 2,235 per share, with a total value of £22,350. Insiders purchased 1,266 shares of company stock worth $2,843,992 over the last ninety days. 1.10% of the stock is currently owned by insiders.

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.