IMI plc (LON:IMI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of IMI plc (LON:IMI) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 2,772.86.

A number of research firms have commented on IMI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,250 price objective on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a research report on Wednesday, May 13th.

IMI Stock Performance

IMI stock opened at GBX 2,718 on Thursday. IMI has a 52 week low of GBX 1,802.19 and a 52 week high of GBX 3,848. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The stock has a market cap of £6.53 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The stock has a 50 day moving average of GBX 2,730.51 and a 200-day moving average of GBX 2,648.28.

IMI (LON:IMI) last released its earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. On average, analysts expect that IMI will post 137.9737609 EPS for the current fiscal year.

Insider Activity

In other news, insider Jamie Pike acquired 3,508 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of GBX 2,848 per share, with a total value of £99,907.84. In the last 90 days, insiders acquired 3,540 shares of company stock worth $10,080,790. 1.10% of the stock is currently owned by company 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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.