IMI (LON:IMI) Price Target Raised to GBX 3,440

IMI (LON:IMI) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 3,250 to GBX 3,440 in a research report report published on Monday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also commented on IMI. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,850 price objective on shares of IMI in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,171.67.

IMI Stock Up 2.1%

IMI opened at GBX 3,084 on Monday. The firm has a market capitalization of £7.30 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. IMI has a one year low of GBX 1,802.19 and a one year high of GBX 3,848. The company has a fifty day moving average price of GBX 2,907.87 and a 200-day moving average price of GBX 2,811.83. The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80.

IMI (LON:IMI) last posted its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. Equities research analysts expect that IMI will post 137.9737609 earnings per share for the current fiscal 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.