IMI (LON:IMI) Price Target Raised to GBX 2,550 at Berenberg Bank

Key Points

• Berenberg Bank has increased its price target for IMI from GBX 2,300 to GBX 2,550, indicating a potential upside of 14.86% from the current stock price.
• Multiple analysts, including those from Peel Hunt and Deutsche Bank, have issued "buy" ratings and raised their price targets, with an average price target of GBX 2,516.67 for IMI.
• The company reported a quarterly earnings per share (EPS) of GBX 56.10 and has a net margin of 11.46% with a return on equity of 23.85%.

IMI (LON:IMI - Get Free Report) had its price target upped by Berenberg Bank from GBX 2,300 ($30.72) to GBX 2,550 ($34.06) in a research note issued on Wednesday, Marketbeat Ratings reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 14.86% from the company's current price.

Other analysts have also issued research reports about the stock. Peel Hunt reissued a "buy" rating and issued a GBX 2,450 ($32.73) price objective on shares of IMI in a research report on Friday, August 1st. Royal Bank Of Canada upped their price target 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 research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target 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 research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target 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 research report on Monday. Finally, Jefferies Financial Group upped their price target on shares of IMI from GBX 2,490 ($33.26) to GBX 2,500 ($33.40) and gave the stock a "buy" rating in a research report on Thursday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 2,516.67 ($33.62).

IMI Stock Performance

Shares of IMI stock opened at GBX 2,220 ($29.66) on Wednesday. The company's fifty day simple moving average is GBX 2,098.75 and its 200-day simple moving average is GBX 1,959.88. 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 market cap of £5.63 billion, a PE ratio of 22.75, a P/E/G ratio of 1.12 and a beta of 1.08. IMI has a 12 month low of GBX 1,555.96 ($20.78) and a 12 month high of GBX 2,272 ($30.35).

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