IMI plc (LON:IMI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• IMI plc has received a consensus recommendation of "Moderate Buy" from analysts, with one hold and five buy ratings.
• JPMorgan raised its price target for IMI shares from GBX 2,500 to GBX 2,850, while Royal Bank of Canada upgraded it slightly to GBX 2,500.
• Insiders have been active, with one selling 271 shares and another purchasing 1,000 shares, indicating confidence in the company's stock.

Shares of IMI plc (LON:IMI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,579.17.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of IMI from GBX 2,500 to GBX 2,850 and gave the stock an "overweight" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada lowered shares of IMI to a "sector perform" rating and boosted their price target for the stock from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th. Berenberg Bank boosted their price target on shares of 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 boosted their price target on shares of IMI from GBX 2,250 to GBX 2,625 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Peel Hunt restated a "buy" rating and set a GBX 2,450 price target on shares of IMI in a research report on Friday, August 1st.

Insider Transactions at IMI

In other IMI news, insider Luke Grant sold 271 shares of IMI stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of GBX 2,301, for a total transaction of £6,235.71. Also, insider Ajai Puri bought 1,000 shares of IMI stock in a transaction on Thursday, September 25th. The shares were purchased at an average cost of GBX 2,235 per share, for a total transaction of £22,350. Insiders have acquired 1,268 shares of company stock worth $2,846,052 over the last ninety days. 1.10% of the stock is owned by insiders.

IMI Stock Down 0.1%

Shares of LON IMI opened at GBX 2,280 on Tuesday. The firm has a market cap of £5.61 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. IMI has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,355.36. The company's 50-day simple moving average is GBX 2,286.09 and its 200-day simple moving average is GBX 2,085.51. 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 posted its quarterly earnings results on Friday, August 1st. The company reported GBX 56.10 earnings per share for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. Equities analysts predict that IMI will post 137.9737609 EPS 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.

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