IMI plc (LON:IMI) Stock Has Consensus Target Price of GBX 3,171.67

Key Points

• IMI has a “Moderate Buy” consensus among six analysts, with five buy ratings and one hold rating. The average 12-month target price is GBX 3,171.67.
• Several firms raised or maintained bullish targets, including Deutsche Bank at GBX 3,440, Jefferies at GBX 3,380, and JPMorgan and Berenberg at GBX 3,300; RBC maintained a sector-perform rating with a GBX 2,850 target.
• IMI shares opened at GBX 2,980, while the company reported quarterly EPS of GBX 63.40, a 14.09% net margin, and a 32.41% return on equity.

IMI plc (LON:IMI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is GBX 3,171.67.

A number of research firms have weighed in on IMI. Deutsche Bank Aktiengesellschaft boosted 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 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. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 3,300 price target on shares of IMI in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,380 price objective on shares of IMI in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,850 price objective on shares of IMI in a research note on Friday, July 31st.

IMI Price Performance

Shares of IMI stock opened at GBX 2,980 on Friday. The firm has a fifty day simple moving average of GBX 3,073.09 and a 200-day simple moving average of GBX 2,925.21. 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. The stock has a market capitalization of £7.00 billion, a price-to-earnings ratio of 21.96, 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 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, sell-side analysts expect that IMI will post 137.97 earnings per share for the current 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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