IMI’s (IMI) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of IMI (LON:IMI) in a report issued on Friday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 3,380 price objective on the stock.

A number of other equities research analysts also recently issued reports on IMI. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,250 price target on shares of IMI in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upped 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, IMI presently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,015.

IMI Stock Down 0.3%

Shares of LON IMI opened at GBX 2,936 on Friday. The stock has a market capitalization of £6.95 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. IMI has a 52 week low of GBX 1,802.19 and a 52 week high of GBX 3,848. The firm has a 50-day moving average price of GBX 2,893.92 and a 200 day moving average price of GBX 2,802.62. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04.

IMI (LON:IMI) last issued its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. Equities research analysts anticipate that IMI will post 137.9737609 EPS 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.