Analysts Set IMI plc (LON:IMI) Target Price at GBX 2,670.71

IMI plc (LON:IMI) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,670.71.

IMI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted 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 report on Thursday, December 4th. Berenberg Bank increased their price objective on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a report on Tuesday, November 25th.

IMI Stock Down 0.9%

Shares of LON:IMI opened at GBX 2,866 on Monday. The company has a market capitalization of £7.06 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 1.12 and a beta of 1.08. IMI has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 2,938. The business has a 50-day moving average price of GBX 2,687.67 and a 200 day moving average price of GBX 2,465.58. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

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.