IMI plc (LON:IMI) Given Average Recommendation of “Moderate Buy” by Analysts

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

IMI has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Berenberg Bank increased 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. Panmure Gordon reissued a “buy” rating and set a GBX 2,760 price objective on shares of IMI in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada downgraded IMI to a “sector perform” rating and raised their target price for the stock from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th.

IMI Price Performance

IMI stock opened at GBX 2,500 on Friday. The company has a fifty day simple moving average of GBX 2,441.75 and a 200-day simple moving average of GBX 2,303.50. The firm has a market capitalization of £6.16 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. IMI has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 2,572.

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.