IMI’s (IMI) Sector Perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their sector perform rating on shares of IMI (LON:IMI) in a report published on Friday,London Stock Exchange reports. Royal Bank Of Canada currently has a GBX 2,850 price target on the stock.

IMI has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,250 target price on shares of IMI in a research note on Wednesday, May 13th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 target price on shares of IMI in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,073.33.

IMI Price Performance

IMI stock opened at GBX 2,938 on Friday. IMI has a 12-month low of GBX 1,802.19 and a 12-month high of GBX 3,848. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The firm has a 50-day moving average price of GBX 2,893.92 and a 200-day moving average price of GBX 2,803.78. The firm has a market capitalization of £6.96 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.

IMI (LON:IMI) last issued its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. As a group, equities research analysts forecast that IMI will post 137.9737609 EPS for the current year.

IMI Company Profile

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.