IMI (LON:IMI - Free Report) had its price target raised by JPMorgan Chase & Co. from GBX 2,500 to GBX 2,850 in a research note released on Tuesday, Marketbeat Ratings reports. They currently have an overweight rating on the stock.
A number of other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on IMI from GBX 2,250 to GBX 2,625 and gave the stock a "buy" rating in a research report on Friday, August 1st. Peel Hunt restated a "buy" rating and issued a GBX 2,450 price target on shares of IMI in a research report on Friday, August 1st. Royal Bank Of Canada boosted their price target on IMI from GBX 2,300 to GBX 2,475 and gave the company an "outperform" rating in a research report on Friday, August 1st. Berenberg Bank boosted their price target on IMI from GBX 2,300 to GBX 2,550 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group boosted their price target on IMI from GBX 2,490 to GBX 2,500 and gave the company a "buy" rating in a research report on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IMI has a consensus rating of "Buy" and a consensus price target of GBX 2,575.
Check Out Our Latest Report on IMI
IMI Stock Performance
Shares of IMI traded up GBX 26 during midday trading on Tuesday, reaching GBX 2,330. 309,496 shares of the stock were exchanged, compared to its average volume of 1,235,021. The business's 50-day moving average price is GBX 2,169.18 and its 200 day moving average price is GBX 1,987.36. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. IMI has a twelve month low of GBX 1,555.96 and a twelve month high of GBX 2,330. The company has a market capitalization of £5.91 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.12 and a beta of 1.08.
IMI (LON:IMI - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, sell-side analysts expect that IMI will post 137.9737609 EPS for the current fiscal year.
Insider Activity at IMI
In other IMI news, insider Jackie Callaway bought 1,046 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were bought at an average price of GBX 1,971 per share, for a total transaction of £20,616.66. Also, insider Luke Grant sold 271 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of GBX 2,301, for a total value of £6,235.71. Insiders have acquired a total of 1,087 shares of company stock worth $2,149,212 in the last quarter. 1.52% of the stock is currently owned by insiders.
IMI Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider IMI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IMI wasn't on the list.
While IMI currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
