IMI plc (LON:IMI) Stock Has Consensus Price Target of GBX 3,171.67 According to Brokerages

Shares of IMI plc (LON:IMI) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 3,171.67.

Several equities research analysts have issued reports on IMI shares. Jefferies Financial Group restated a “buy” rating and set a GBX 3,380 price objective on shares of IMI in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their target price on 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 reiterated a “sector perform” rating and set a GBX 2,850 target price on shares of IMI in a research note on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and set a GBX 3,300 target price on shares of IMI in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a report on Wednesday, July 8th.

IMI Stock Performance

Shares of IMI stock opened at GBX 2,796 on Friday. The company has a market capitalization of £6.57 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.12 and a beta of 1.04. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30. The company has a 50-day simple moving average of GBX 3,050.32 and a 200 day simple moving average of GBX 2,935.95. IMI has a 52 week low of GBX 1,802.19 and a 52 week high of GBX 3,848.

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

IMI Company Profile

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.