IMI plc (LON:IMI) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• IMI plc has received an average recommendation of "Buy" from six analysts, indicating positive sentiment towards the stock.
• The average twelve-month price target set by analysts for IMI shares is GBX 2,575, reflecting expectations for future value increase.
• Recently, several brokers, including JPMorgan Chase & Co. and Berenberg Bank, have raised their price targets for IMI, showcasing growing confidence in the company's performance.

IMI plc (LON:IMI - Get Free Report) has been given an average rating of "Buy" by the six analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 2,575.

IMI has been the subject of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of IMI from GBX 2,300 to GBX 2,475 and gave the company an "outperform" rating in a report on Friday, August 1st. Peel Hunt reaffirmed a "buy" rating and set a GBX 2,450 price target on shares of IMI in a report on Friday, August 1st. Berenberg Bank raised their price target on shares of IMI from GBX 2,300 to GBX 2,550 and gave the company a "buy" rating in a report 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 company a "buy" rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of IMI from GBX 2,500 to GBX 2,850 and gave the company an "overweight" rating in a report on Tuesday, August 19th.

IMI Price Performance

IMI stock opened at GBX 2,244 on Friday. IMI has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,330. The firm has a fifty day moving average of GBX 2,253.04 and a 200-day moving average of GBX 2,040.89. The firm has a market capitalization of £5.53 billion, a P/E ratio of 2,405.14, a PEG ratio of 1.12 and a beta of 1.08. 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 released its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 earnings per share (EPS) for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, analysts predict that IMI will post 137.9737609 EPS for the current year.

Insiders Place Their Bets

In related news, insider Luke Grant sold 110 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of GBX 2,280, for a total transaction of £2,508. Over the last ninety days, insiders have acquired 267 shares of company stock worth $606,254. 1.10% of the stock is currently owned by company insiders.

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.

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