Brokerages Set IMI plc (LON:IMI) PT at GBX 2,670.71

IMI plc (LON:IMI) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 2,670.71.

Several equities research analysts have commented on IMI shares. JPMorgan Chase & Co. increased their price objective on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Panmure Gordon restated a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a research note on Tuesday, November 25th. Berenberg Bank upped 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 downgraded IMI to a “sector perform” rating and increased their price target for the company from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th.

IMI Stock Down 0.7%

IMI opened at GBX 2,436 on Wednesday. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The company’s 50-day moving average is GBX 2,390.61 and its 200 day moving average is GBX 2,252.46. IMI has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 2,572. The firm has a market capitalization of £6.00 billion, a P/E ratio of 26.11, a PEG ratio of 1.12 and a beta of 1.08.

Insider Activity

In other IMI news, insider Ajai Puri bought 1,000 shares of the stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of GBX 2,235 per share, for a total transaction of £22,350. Over the last ninety days, insiders acquired 1,038 shares of company stock worth $2,326,408. Company insiders own 1.10% of the company’s stock.

About IMI

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.