IMI (LON:IMI) Price Target Raised to GBX 2,625

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 price objective boosted by Deutsche Bank Aktiengesellschaft from GBX 2,250 ($30.26) to GBX 2,625 ($35.30) in a research report issued to clients and investors on Friday, August 1st, MarketBeat.com reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 17.70% from the stock's previous close.

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 2,450 ($32.95) price target on shares of IMI in a research report on Wednesday, July 2nd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 2,516.67 ($33.84).

IMI Stock Performance

LON:IMI traded up GBX 6.26 ($0.08) during trading hours on Friday, reaching GBX 2,230.26 ($29.99). 679,857 shares of the stock were exchanged, compared to its average volume of 1,273,366. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The firm has a 50 day simple moving average of GBX 2,109.04 and a 200-day simple moving average of GBX 1,963.40. IMI has a 52 week low of GBX 1,555.96 ($20.92) and a 52 week high of GBX 2,272 ($30.55). The stock has a market capitalization of £5.65 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI - Get Free Report) last released its earnings results on Friday, August 1st. The company reported GBX 56.10 ($0.75) EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, sell-side analysts forecast that IMI will post 137.9737609 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jackie Callaway purchased 1,046 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average cost of GBX 1,971 ($26.51) per share, with a total value of £20,616.66 ($27,725.47). In the last 90 days, insiders purchased 1,087 shares of company stock valued at $2,144,228. 1.52% of the stock is owned by company 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.