IMI (LON:IMI) Price Target Raised to GBX 2,500 at Jefferies Financial Group

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 - Get Free Report) had its price objective increased by research analysts at Jefferies Financial Group from GBX 2,490 ($33.26) to GBX 2,500 ($33.40) in a research report issued on Thursday, MarketBeat.com reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 12.61% from the stock's current price.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of IMI from GBX 2,450 ($32.73) to GBX 2,500 ($33.40) and gave the stock an "overweight" rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of IMI from GBX 2,250 ($30.06) to GBX 2,625 ($35.07) and gave the stock a "buy" rating in a report on Friday, August 1st. Royal Bank Of Canada boosted their target price on shares of IMI from GBX 2,300 ($30.72) to GBX 2,475 ($33.06) and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Peel Hunt restated a "buy" rating and set a GBX 2,450 ($32.73) target price on shares of IMI in a report on Friday, August 1st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of GBX 2,516.67 ($33.62).

IMI Price Performance

LON IMI opened at GBX 2,220 ($29.66) on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. IMI has a 12-month low of GBX 1,555.96 ($20.78) and a 12-month high of GBX 2,272 ($30.35). The company has a market capitalization of £5.63 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm's 50 day moving average is GBX 2,098.75 and its 200-day moving average is GBX 1,959.88.

IMI (LON:IMI - Get Free Report) last posted 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 net margin of 11.46% and a return on equity of 23.85%. Equities research analysts anticipate that IMI will post 137.9737609 earnings per share for the current fiscal year.

Insider Activity at IMI

In related news, insider Jackie Callaway acquired 1,046 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of GBX 1,971 ($26.33) per share, for a total transaction of £20,616.66 ($27,540.29). Insiders have acquired 1,087 shares of company stock valued at $2,144,228 in the last 90 days. 1.52% of the stock is 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.

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