IMI (LON:IMI) Price Target Raised to GBX 2,500

Key Points

• Jefferies Financial Group raised its price target for IMI from GBX 2,490 to GBX 2,500, indicating a potential upside of 12.61% from the current price.
• Multiple analysts have reiterated buy ratings, with a consensus price target averaging GBX 2,516.67 across the board.
• IMI reported an earnings per share (EPS) of GBX 56.10 for the last quarter, contributing to a net margin of 11.46%.

IMI (LON:IMI - Free Report) had its price objective boosted by Jefferies Financial Group from GBX 2,490 ($33.48) to GBX 2,500 ($33.61) in a report issued on Thursday morning, Marketbeat reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on IMI from GBX 2,450 ($32.94) to GBX 2,500 ($33.61) and gave the company an "overweight" rating in a research note on Monday, August 4th. Royal Bank Of Canada raised their price target on IMI from GBX 2,300 ($30.92) to GBX 2,475 ($33.28) and gave the company an "outperform" rating in a research note on Friday, August 1st. Peel Hunt restated a "buy" rating and issued a GBX 2,450 ($32.94) price target on shares of IMI in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on IMI from GBX 2,250 ($30.25) to GBX 2,625 ($35.29) and gave the company a "buy" rating in a research note on Friday, August 1st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of GBX 2,516.67 ($33.84).

IMI Trading Up 1.7%

Shares of IMI traded up GBX 38.16 ($0.51) during midday trading on Thursday, hitting GBX 2,268.42 ($30.50). 1,422,905 shares of the stock were exchanged, compared to its average volume of 1,274,337. IMI has a 52-week low of GBX 1,555.96 ($20.92) and a 52-week high of GBX 2,290 ($30.79). The stock has a fifty day simple moving average of GBX 2,113.89 and a 200 day simple moving average of GBX 1,965.19. The firm has a market cap of £5.75 billion, a P/E ratio of 23.24, a P/E/G 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.

IMI (LON:IMI - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 ($0.75) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, research analysts anticipate that IMI will post 137.9737609 EPS for the current fiscal year.

Insider Activity at IMI

In other news, insider Jackie Callaway bought 1,046 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were acquired at an average price of GBX 1,971 ($26.50) per share, for a total transaction of £20,616.66 ($27,718.02). Insiders bought a total of 1,087 shares of company stock worth $2,144,228 in the last 90 days. 1.52% of the stock is currently owned by insiders.

IMI Company Profile

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.