IMI plc (LON:IMI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of IMI plc (LON:IMI) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 2,670.71.

IMI has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target 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 reiterated a “buy” rating and set a GBX 2,760 price objective on shares of IMI in a research note on Tuesday, November 25th. Finally, 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 research report on Thursday, November 6th.

IMI Stock Performance

IMI opened at GBX 2,892.55 on Monday. The firm’s fifty day simple moving average is GBX 2,662.63 and its two-hundred day simple moving average is GBX 2,453.48. IMI has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,938. The company has a market cap of £7.12 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

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.