IMI plc (LON:IMI) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• IMI has a “Moderate Buy” consensus rating from six analysts, with five recommending a buy and one issuing a hold. The average 12-month price target is GBX 3,171.67.
• Several brokerages recently raised or reaffirmed bullish targets, including Deutsche Bank at GBX 3,440, Jefferies at GBX 3,380, and Berenberg and JPMorgan at GBX 3,300; RBC maintained a sector-perform rating with a GBX 2,850 target.
• IMI shares opened at GBX 3,112, down 0.4%, with a £7.39 billion market capitalization. The company reported quarterly EPS of GBX 63.40, a 32.41% return on equity, and a 14.09% net margin.

IMI plc (LON:IMI - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 3,171.67.

IMI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on IMI from GBX 3,250 to GBX 3,440 and gave the company a "buy" rating in a research report on Monday, August 3rd. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 3,300 price objective on shares of IMI in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective 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. Jefferies Financial Group reiterated a "buy" rating and set a GBX 3,380 target price on shares of IMI in a research report on Friday, July 31st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,850 target price on shares of IMI in a report on Friday, July 31st.

IMI Stock Down 0.4%

Shares of LON:IMI opened at GBX 3,112 on Friday. IMI has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848. The company has a market capitalization of £7.39 billion, a PE ratio of 22.93, 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 company has a fifty day moving average of GBX 2,986.90 and a 200-day moving average of GBX 2,852.91.

IMI (LON:IMI - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. On average, equities analysts predict that IMI will post 137.9737609 EPS 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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