IMI (LON:IMI) Stock Rating Lowered by Royal Bank Of Canada

Key Points

• Royal Bank Of Canada has downgraded IMI (LON:IMI) to a "sector perform" rating, with a price target raised to GBX 2,500, indicating a potential upside of 10.08%.
• Other analysts, including Jefferies and Deutsche Bank, have maintained a "buy" rating for IMI, with target prices ranging from GBX 2,500 to GBX 2,625.
• Shares of IMI have decreased by 2.1% recently, trading at GBX 2,271, amid a competitive market with ongoing insider trading activity.

IMI (LON:IMI - Get Free Report) was downgraded by equities researchers at Royal Bank Of Canada to a "sector perform" rating in a report issued on Tuesday, MarketBeat reports. They currently have a GBX 2,500 price target on the stock, up from their prior price target of GBX 2,475. Royal Bank Of Canada's price target suggests a potential upside of 10.62% from the company's previous close.

Other research analysts have also issued reports about the company. Jefferies Financial Group upped their target price on IMI from GBX 2,490 to GBX 2,500 and gave the company a "buy" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on IMI from GBX 2,500 to GBX 2,850 and gave the company an "overweight" rating in a research note on Tuesday, August 19th. Berenberg Bank raised their target price on IMI from GBX 2,300 to GBX 2,550 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on IMI from GBX 2,250 to GBX 2,625 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Peel Hunt reaffirmed a "buy" rating and set a GBX 2,450 price objective on shares of IMI in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 2,579.17.

IMI Stock Down 2.6%

IMI stock opened at GBX 2,260 on Tuesday. IMI has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 2,355.36. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The firm has a market cap of £5.56 billion, a price-to-earnings ratio of 2,422.29, a P/E/G ratio of 1.12 and a beta of 1.08. The firm has a fifty day moving average price of GBX 2,279.66 and a two-hundred day moving average price of GBX 2,069.73.

IMI (LON:IMI - Get Free Report) last issued its quarterly 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%. As a group, analysts forecast that IMI will post 137.9737609 earnings per share for the current year.

Insider Transactions at IMI

In other IMI news, insider Ajai Puri acquired 1,000 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average cost of GBX 2,235 per share, for a total transaction of £22,350. Also, insider Luke Grant sold 271 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of GBX 2,301, for a total transaction of £6,235.71. Over the last 90 days, insiders have acquired 1,254 shares of company stock worth $2,814,188. Corporate insiders own 1.10% of the company's stock.

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.