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

Shares of IMI plc (LON:IMI) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 2,690.71.

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

Insider Transactions at IMI

In other news, insider Jamie Pike bought 3,508 shares of the business’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of GBX 2,848 per share, with a total value of £99,907.84. Over the last 90 days, insiders have acquired 3,540 shares of company stock worth $10,078,876. 1.10% of the stock is owned by insiders.

IMI Price Performance

Shares of IMI stock traded up GBX 86.46 during trading on Wednesday, hitting GBX 2,616.46. The stock had a trading volume of 951,847 shares, compared to its average volume of 14,853,315. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. The firm has a market cap of £6.44 billion, a P/E ratio of 28.04, a PEG ratio of 1.12 and a beta of 1.05. The business has a fifty day moving average of GBX 2,761.45 and a two-hundred day moving average of GBX 2,538.62. IMI has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 3,848.

IMI (LON:IMI) last released its earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share (EPS) for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. On average, sell-side analysts expect that IMI will post 137.9737609 earnings per share for the current fiscal year.

IMI Company Profile

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.