IMI (LON:IMI) Given New GBX 2,625 Price Target at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has raised IMI's price target to GBX 2,625 from GBX 2,250, indicating a potential upside of 21.42% from its previous close.
• JPMorgan Chase & Co. has also given IMI an "overweight" rating with a target price of GBX 2,450.
• IMI reported earnings of GBX 56.10 per share for the last quarter, with analysts expecting a total of approximately 138 EPS for the current year.

IMI (LON:IMI - Get Free Report) had its target price increased by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 2,250 ($29.88) to GBX 2,625 ($34.86) in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 21.42% from the company's previous close.

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 2,450 ($32.53) target price on shares of IMI in a report on Wednesday, July 2nd.

IMI Price Performance

Shares of IMI stock opened at GBX 2,162 ($28.71) on Friday. The stock has a market cap of £5.48 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The stock has a 50 day moving average price of GBX 2,089.71 and a 200-day moving average price of GBX 1,956.78. IMI has a one year low of GBX 1,555.96 ($20.66) and a one year high of GBX 2,272 ($30.17).

IMI (LON:IMI - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported GBX 56.10 ($0.74) EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Equities analysts expect that IMI will post 137.9737609 EPS for the current year.

Insider Activity at IMI

In other IMI news, insider Jackie Callaway purchased 1,046 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of GBX 1,971 ($26.17) per share, with a total value of £20,616.66 ($27,375.73). In the last three months, insiders purchased 1,087 shares of company stock valued at $2,144,228. 1.52% of the stock is currently owned by insiders.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.

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