Jefferies Financial Group Reaffirms "Buy" Rating for IMI (LON:IMI)

Key Points

• Jefferies reaffirmed its “Buy” rating on IMI and set a GBX 3,585 price target, implying 22.52% upside from the previous close.
• Analyst sentiment remains positive: five analysts rate IMI a Buy and one a Hold, resulting in a consensus “Moderate Buy” rating and an average target price of GBX 3,205.83.
• IMI shares opened at GBX 2,926, while the company reported quarterly EPS of GBX 63.40, a 32.41% return on equity and a 14.09% net margin.

IMI (LON:IMI - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday, London Stock Exchange reports. They currently have a GBX 3,585 target price on the stock. Jefferies Financial Group's price objective suggests a potential upside of 22.52% from the company's previous close.

IMI has been the subject of several other research reports. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 2,850 price objective on shares of IMI in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of IMI from GBX 3,250 to GBX 3,440 and gave the stock a "buy" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped 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, Berenberg Bank reissued a "buy" rating and set a GBX 3,300 price target on shares of IMI in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 3,205.83.

IMI Stock Performance

LON IMI opened at GBX 2,926 on Thursday. IMI has a 1-year low of GBX 1,802.19 and a 1-year high of GBX 3,848. The company has a 50 day moving average of GBX 3,039.18 and a 200-day moving average of GBX 2,878.05. 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 £6.87 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.12 and a beta of 1.04.

IMI (LON:IMI - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts forecast that IMI will post 137.97 earnings per share for the current fiscal year.

About IMI

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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