IMI plc (LON:IMI) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of IMI plc (LON:IMI) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,171.67.

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a research report on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,380 price target on shares of IMI in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price target on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a report on Wednesday, August 5th.

IMI Stock Up 1.0%

IMI opened at GBX 2,980 on Friday. The company has a market capitalization of £7.00 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80. The firm’s fifty day moving average price is GBX 3,073.09 and its two-hundred day moving average price is GBX 2,925.21. IMI has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848.

IMI (LON:IMI) last announced its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, analysts anticipate that IMI will post 137.97 EPS for the current 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.