IMI plc (LON:IMI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• IMI has a “Moderate Buy” consensus rating from six analysts: five recommend buying the shares and one advises holding them.
• Analysts’ average 12-month price target is GBX 3,171.67, with recent targets ranging from GBX 2,850 to GBX 3,440.
• IMI reported quarterly earnings of GBX 63.40 per share, alongside a 32.41% return on equity and a 14.09% net margin; shares opened at GBX 3,110.

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

IMI has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,380 target price on shares of IMI in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an "overweight" rating in a report on Wednesday, July 8th. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 2,850 price target on shares of IMI in a research note on Friday, July 31st. Berenberg Bank reiterated a "buy" rating and set a GBX 3,300 price objective on shares of IMI in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a "buy" rating in a research note on Monday, August 3rd.

IMI Stock Performance

LON IMI opened at GBX 3,110 on Wednesday. The firm's 50 day simple moving average is GBX 3,041.33 and its 200 day simple moving average is GBX 2,876.88. The firm has a market capitalization of £7.35 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. IMI has a 1 year low of GBX 1,802.19 and a 1 year high of GBX 3,848.

IMI (LON:IMI - Get Free Report) last released its earnings results 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%. As a group, research analysts expect that IMI will post 137.9737609 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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