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

Shares of IMI plc (LON:IMI) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 2,808.57.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,250 target price on shares of IMI in a research note on Wednesday, May 13th.

IMI Price Performance

Shares of IMI opened at GBX 2,936 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. IMI has a 1 year low of GBX 1,802.19 and a 1 year high of GBX 3,848. The stock has a market cap of £6.95 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The stock’s 50-day moving average price is GBX 2,838.30 and its two-hundred day moving average price is GBX 2,770.46.

About IMI

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.