IMI plc (LON:IMI) Receives GBX 2,690.71 Consensus Price Target from Analysts

Shares of IMI plc (LON:IMI) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 2,690.71.

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

Insider Transactions at IMI

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

IMI Trading Down 0.9%

Shares of IMI opened at GBX 2,579.69 on Wednesday. The stock’s fifty day simple moving average is GBX 2,755.01 and its 200-day simple moving average is GBX 2,541.48. The firm has a market capitalization of £6.35 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.07. IMI has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 3,848. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04.

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