IMI (LON:IMI) Given Buy Rating at Peel Hunt

Key Points

• Peel Hunt has restated its "buy" rating for IMI with a target price of £2,450 ($32.53), indicating a potential upside of 14.17% from the stock's previous close.
• Other brokerages have also increased their price targets for IMI, with JPMorgan Chase, Deutsche Bank, and Royal Bank of Canada all offering positive ratings and target price increases.
• IMI reported an earnings per share (EPS) of GBX 56.10 ($0.74) for the last quarter, with analysts expecting a total annual EPS of approximately £138 for the current fiscal year.

IMI (LON:IMI - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Peel Hunt in a research note issued on Friday, August 1st, Marketbeat.com reports. They currently have a GBX 2,450 ($32.95) price target on the stock. Peel Hunt's price objective suggests a potential upside of 9.85% from the company's current price.

A number of other research analysts also recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on IMI from GBX 2,450 ($32.95) to GBX 2,500 ($33.62) and gave the company an "overweight" rating in a report on Monday. Royal Bank Of Canada lifted their price target on IMI from GBX 2,300 ($30.93) to GBX 2,475 ($33.28) and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on IMI from GBX 2,250 ($30.26) to GBX 2,625 ($35.30) and gave the company a "buy" rating in a research note on Friday, August 1st. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 2,516.67 ($33.84).

IMI Trading Up 0.3%

Shares of IMI stock traded up GBX 6.26 ($0.08) on Friday, reaching GBX 2,230.26 ($29.99). 679,857 shares of the company were exchanged, compared to its average volume of 1,273,366. The stock has a fifty day moving average price of GBX 2,109.04 and a 200-day moving average price of GBX 1,963.40. The firm has a market capitalization of £5.65 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. IMI has a fifty-two week low of GBX 1,555.96 ($20.92) and a fifty-two week high of GBX 2,272 ($30.55).

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 for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, analysts expect that IMI will post 137.9737609 EPS for the current year.

Insider Buying and Selling at IMI

In other IMI news, insider Jackie Callaway acquired 1,046 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was acquired at an average price of GBX 1,971 ($26.51) per share, with a total value of £20,616.66 ($27,725.47). Over the last ninety days, insiders bought 1,087 shares of company stock worth $2,144,228. 1.52% of the stock is currently owned by insiders.

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.