IMI plc (LON:IMI) Receives GBX 2,575 Consensus Target Price from Analysts

Key Points

• IMI plc has received an average consensus rating of "Buy" from six brokerages currently covering the company, with a target price of GBX 2,575.
• JPMorgan Chase & Co. and Deutsche Bank both raised their price targets on IMI shares, with JPMorgan setting a target of GBX 2,850 and Deutsche Bank adjusting theirs to GBX 2,625.
• Insider trading activity includes the sale of 271 shares by Luke Grant and a purchase of 1,046 shares by Jackie Callaway, indicating confidence from company insiders.

Shares of IMI plc (LON:IMI - Get Free Report) have been assigned an average recommendation of "Buy" from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,575.

IMI has been the topic of several recent analyst reports. Berenberg Bank raised 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 note on Wednesday, August 6th. Jefferies Financial Group raised their price target on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 2,450 price target on shares of IMI in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised 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 note on Friday, August 1st. Finally, JPMorgan Chase & Co. raised 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 note on Tuesday, August 19th.

Insider Transactions at IMI

In other IMI news, insider Luke Grant sold 271 shares of the 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. In the last quarter, insiders have bought 269 shares of company stock worth $607,386. 1.10% of the stock is owned by corporate insiders.

IMI Price Performance

IMI stock traded up GBX 8 during trading on Monday, hitting GBX 2,234. 560,503 shares of the company's stock traded hands, compared to its average volume of 1,203,996. IMI has a 52 week low of GBX 1,555.96 and a 52 week high of GBX 2,330. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The business has a fifty day simple moving average of GBX 2,203.74 and a 200 day simple moving average of GBX 2,006.37. The stock has a market capitalization of £5.50 billion, a price-to-earnings ratio of 2,394.43, a P/E/G ratio of 1.12 and a beta of 1.08.

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

About IMI

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.