Brokerages Set IMI plc (LON:IMI) Price Target at GBX 2,690.71

Shares of IMI plc (LON:IMI) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. reduced their target price on shares of IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating for the company in a report on Wednesday.

Insider Transactions at IMI

In other IMI news, insider Jamie Pike purchased 3,508 shares of the business’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of GBX 2,848 per share, with a total value of £99,907.84. In the last quarter, insiders have acquired 3,540 shares of company stock valued at $10,078,876. 1.10% of the stock is currently owned by insiders.

IMI Trading Down 0.9%

LON IMI opened at GBX 2,579.69 on Wednesday. IMI has a 52 week low of GBX 1,555.96 and a 52 week high of GBX 3,848. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. The stock’s 50 day moving average price is GBX 2,755.01 and its two-hundred day moving average price is GBX 2,541.48. The stock has a market capitalization of £6.35 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.12 and a beta of 1.07.

IMI (LON:IMI) last issued its quarterly earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. As a group, analysts anticipate that IMI will post 137.9737609 earnings per share for the current fiscal year.

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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.