Peel Hunt Reaffirms Buy Rating for IMI (LON:IMI)

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 restated by Peel Hunt in a research report issued on Friday, MarketBeat Ratings reports. They presently have a GBX 2,450 ($32.53) target price on the stock. Peel Hunt's target price would suggest a potential upside of 14.17% from the stock's previous close.

Several other brokerages have also recently weighed in on IMI. JPMorgan Chase & Co. increased their price target on IMI from GBX 2,450 ($32.53) to GBX 2,500 ($33.20) and gave the company an "overweight" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their target price on IMI from GBX 2,250 ($29.88) to GBX 2,625 ($34.86) and gave the company a "buy" rating in a report on Friday. Finally, Royal Bank Of Canada raised their target price on IMI from GBX 2,300 ($30.54) to GBX 2,475 ($32.86) and gave the company an "outperform" rating in a report on Friday.

IMI Price Performance

IMI stock opened at GBX 2,146 ($28.50) on Friday. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. IMI has a 52 week low of GBX 1,555.96 ($20.66) and a 52 week high of GBX 2,272 ($30.17). The stock has a market capitalization of £5.44 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The stock has a fifty day moving average of GBX 2,089.71 and a 200-day moving average of GBX 1,956.78.

IMI (LON:IMI - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported GBX 56.10 ($0.74) EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, sell-side analysts expect that IMI will post 137.9737609 earnings per share for the current fiscal year.

Insider Activity at IMI

In related news, insider Jackie Callaway acquired 1,046 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of GBX 1,971 ($26.17) per share, for a total transaction of £20,616.66 ($27,375.73). Insiders bought a total of 1,087 shares of company stock valued at $2,144,228 in the last quarter. 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.

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