IMI plc (LON:IMI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

IMI plc (LON:IMI) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,670.71.

Several analysts have issued reports on the company. Berenberg Bank upped their price objective on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. boosted their target price on IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,760 price target on shares of IMI in a report on Tuesday, November 25th.

IMI Stock Up 0.6%

Shares of IMI stock opened at GBX 2,879.71 on Monday. IMI has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,938. The stock has a market cap of £7.09 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.12 and a beta of 1.08. The firm’s 50-day moving average is GBX 2,703.20 and its 200-day moving average is GBX 2,472.53. 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 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.