Brokerages Set IMI plc (LON:IMI) Price Target at GBX 2,670.71

IMI plc (LON:IMI) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 2,670.71.

A number of analysts have recently weighed in on IMI shares. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,760 price target on shares of IMI in a research note on Tuesday, November 25th. Royal Bank Of Canada cut IMI to a “sector perform” rating and raised their target price for the company from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Berenberg Bank upped their price target on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a report on Thursday, December 4th.

IMI Price Performance

Shares of LON:IMI opened at GBX 2,616 on Friday. The stock has a market capitalization of £6.44 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.12 and a beta of 1.08. 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 company has a 50-day simple moving average of GBX 2,456.75 and a 200-day simple moving average of GBX 2,315.87. IMI has a one year low of GBX 1,555.96 and a one year high of GBX 2,634.

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.