IMI plc (LON:IMI) Receives GBX 2,516.67 Consensus Price Target from Analysts

Key Points

• IMI plc has received a consensus rating of "Buy" from six analysts, with an average 12-month target price of GBX 2,516.67.
• Deutsche Bank raised its price target for IMI from GBX 2,250 to GBX 2,625, alongside similar increases from Jefferies and Royal Bank of Canada.
• Insider Jackie Callaway purchased 1,046 shares at GBX 1,971 per share, indicating confidence in the company's prospects.

IMI plc (LON:IMI - Get Free Report) has been given a consensus rating of "Buy" by the six brokerages that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 2,516.67.

Several equities analysts have recently weighed in on IMI shares. Royal Bank Of Canada raised their price objective on shares of IMI from GBX 2,300 ($30.93) to GBX 2,475 ($33.29) and gave the company an "outperform" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of IMI from GBX 2,250 ($30.26) to GBX 2,625 ($35.31) and gave the stock a "buy" rating in a report on Friday, August 1st. Jefferies Financial Group upped their price target on IMI from GBX 2,490 ($33.49) to GBX 2,500 ($33.62) and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on IMI from GBX 2,450 ($32.95) to GBX 2,500 ($33.62) and gave the company an "overweight" rating in a research report on Monday. Finally, Peel Hunt restated a "buy" rating and issued a GBX 2,450 ($32.95) target price on shares of IMI in a report on Friday, August 1st.

Insider Activity at IMI

In other IMI news, insider Jackie Callaway purchased 1,046 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average cost of GBX 1,971 ($26.51) per share, for a total transaction of £20,616.66 ($27,729.20). Insiders bought 1,087 shares of company stock valued at $2,144,228 in the last 90 days. Insiders own 1.52% of the company's stock.

IMI Price Performance

IMI stock traded up GBX 6.26 ($0.08) during trading hours on Thursday, hitting GBX 2,230.26 ($30.00). 679,857 shares of the company traded hands, compared to its average volume of 1,273,366. IMI has a 1-year low of GBX 1,555.96 ($20.93) and a 1-year high of GBX 2,272 ($30.56). The firm has a market cap of £5.65 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.12 and a beta of 1.08. The firm's 50-day simple moving average is GBX 2,113.89 and its two-hundred day simple moving average is GBX 1,965.27. 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 (LON:IMI - Get Free Report) last issued its quarterly earnings results 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%. As a group, analysts forecast that IMI will post 137.9737609 earnings per share for the current fiscal year.

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.