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

Key Points

• Analyst consensus: Seven analysts give IMI a consensus rating of "Moderate Buy" (six buys, one hold) with an average 12‑month price target of GBX 2,690.71; JPMorgan cut its target to GBX 3,100 but kept an "overweight" rating.
• Insider buying: Director Jamie Pike bought 3,508 shares at GBX 2,848 (≈£99,907.84) on March 6, and insiders acquired 3,540 shares in the last quarter, owning about 1.10% of the stock.
• Shares traded up 3.4% to GBX 2,616.46 with a market cap of £6.44bn; valuation metrics include a P/E of 28.04, P/E/G of 1.12, and a 52‑week range of GBX 1,555.96–3,848.

IMI plc (LON:IMI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. decreased their target price on IMI from GBX 3,330 to GBX 3,100 and set an "overweight" rating for the company in a research report on Wednesday.

Insider Buying and Selling at IMI

In other news, insider Jamie Pike bought 3,508 shares of the business's stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of GBX 2,848 per share, for a total transaction of £99,907.84. Insiders purchased 3,540 shares of company stock worth $10,078,876 over the last quarter. 1.10% of the stock is owned by corporate insiders.

IMI Trading Up 3.4%

Shares of IMI stock traded up GBX 86.46 during trading hours on Wednesday, hitting GBX 2,616.46. 951,847 shares of the company were exchanged, compared to its average volume of 14,853,315. The firm has a market cap of £6.44 billion, a P/E ratio of 28.04, a P/E/G ratio of 1.12 and a beta of 1.05. IMI has a fifty-two week low of GBX 1,555.96 and a fifty-two week high of GBX 3,848. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. The company has a 50 day simple moving average of GBX 2,761.45 and a two-hundred day simple moving average of GBX 2,538.62.

IMI (LON:IMI - Get Free Report) last released its earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share (EPS) for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. Equities analysts anticipate that IMI will post 137.9737609 EPS for the current 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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.