IMI (LON:IMI) Earns Buy Rating from Jefferies Financial Group

IMI (LON:IMI)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued on Friday,Digital Look reports. They currently have a GBX 3,380 target price on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 13.42% from the company’s previous close.

IMI has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,250 price objective on shares of IMI in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upped their target price on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,934.29.

IMI Stock Up 1.2%

IMI opened at GBX 2,980 on Friday. The company has a market capitalization of £7.06 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The business has a 50-day moving average of GBX 2,890.60 and a 200-day moving average of GBX 2,801.68. IMI has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80.

IMI (LON:IMI) last posted its earnings results on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. Equities research analysts forecast that IMI will post 137.9737609 EPS for the current fiscal year.

About IMI

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.