Panmure Gordon Reiterates “Buy” Rating for IMI (LON:IMI)

IMI (LON:IMI)‘s stock had its “buy” rating reiterated by stock analysts at Panmure Gordon in a research report issued on Tuesday, MarketBeat Ratings reports. They presently have a GBX 2,760 price target on the stock. Panmure Gordon’s price objective would indicate a potential upside of 15.10% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada cut shares of IMI to a “sector perform” rating and lifted their price target for the stock from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th. Berenberg Bank lifted their target price on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on IMI from GBX 2,250 to GBX 2,625 and gave the stock a “buy” rating in a report on Friday, August 1st. JPMorgan Chase & Co. raised their price target on IMI from GBX 2,500 to GBX 2,850 and gave the stock an “overweight” rating in a research report on Tuesday, August 19th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 2,450 price objective on shares of IMI in a research report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,655.

IMI Stock Up 0.3%

Shares of LON IMI opened at GBX 2,398 on Tuesday. The stock has a market cap of £5.90 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.12 and a beta of 1.08. The firm has a 50 day moving average price of GBX 2,352.62 and a 200 day moving average price of GBX 2,212.64. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. IMI has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,572.

Insider Activity

In other news, insider Ajai Puri purchased 1,000 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of GBX 2,235 per share, with a total value of £22,350. Over the last 90 days, insiders bought 1,038 shares of company stock valued at $2,324,152. Company insiders own 1.10% of the company’s stock.

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.