IMI plc (LON:IMI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of IMI plc (LON:IMI) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 3,105.

Several equities analysts have issued reports on IMI shares. 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. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,850 price target on shares of IMI in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th.

IMI Trading Up 1.1%

Shares of LON:IMI opened at GBX 2,994 on Tuesday. IMI has a 12-month low of GBX 1,802.19 and a 12-month high of GBX 3,848. The business’s fifty day simple moving average is GBX 2,897.76 and its 200-day simple moving average is GBX 2,806.17. The company has a market capitalization of £7.09 billion, a PE ratio of 24.18, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30.

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

About IMI

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.