IMI (LON:IMI) Earns Buy Rating from Berenberg Bank

IMI (LON:IMI)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 3,300 price objective on the stock. Berenberg Bank’s price objective would indicate a potential upside of 8.70% from the stock’s previous close.

IMI has been the subject of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,380 price objective on shares of IMI in a report on Friday, July 31st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,850 target price on shares of IMI in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

IMI Stock Up 0.5%

IMI opened at GBX 3,036 on Wednesday. The firm has a market cap of £7.19 billion, a P/E ratio of 22.37, a price-to-earnings-growth 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 business has a 50 day moving average price of GBX 2,902.19 and a 200 day moving average price of GBX 2,808.98. IMI has a twelve month low of GBX 1,802.19 and a twelve month 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 return on equity of 32.41% and a net margin of 14.09%. Research analysts forecast that IMI will post 137.9737609 EPS 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.