IMI (LON:IMI) Stock Gets Price Target Boost from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank raised its price target for IMI to GBX 3,490 from GBX 3,440 while maintaining a “buy” rating, implying 21.10% upside from the prior close.
• Analyst sentiment is broadly positive: five analysts rate IMI a Buy and one rates it a Hold, producing a consensus “Moderate Buy” rating and average target of GBX 3,214.17.
• IMI shares fell GBX 42 to GBX 2,882 on Friday. The company reported quarterly EPS of GBX 63.40, with a 14.09% net margin and 32.41% return on equity.

IMI (LON:IMI - Get Free Report) had its target price raised by research analysts at Deutsche Bank Aktiengesellschaft from GBX 3,440 to GBX 3,490 in a research report issued on Friday, Digital Look reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 21.10% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 2,850 target price on shares of IMI in a research report on Friday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,585 price target on shares of IMI in a research report on Thursday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 3,300 price target on shares of IMI in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an "overweight" rating in a report on Wednesday, July 8th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,214.17.

IMI Price Performance

Shares of LON:IMI traded down GBX 42 on Friday, reaching GBX 2,882. 274,640 shares of the company were exchanged, compared to its average volume of 7,497,972. IMI has a 1-year low of GBX 1,802.19 and a 1-year high of GBX 3,848. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The firm has a market cap of £6.77 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company has a 50-day moving average of GBX 3,037.71 and a 200-day moving average of GBX 2,879.54.

IMI (LON:IMI - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. Equities analysts forecast that IMI will post 137.97 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.

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