IMI plc (LON:IMI) Given Average Rating of “Moderate Buy” by Brokerages

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

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada lowered shares of IMI to a “sector perform” rating and increased their price objective for the company from GBX 2,475 to GBX 2,500 in a report on Tuesday, October 14th. JPMorgan Chase & Co. increased their price target on 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 raised their price target on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Panmure Gordon reiterated a “buy” rating and issued a GBX 2,760 price objective on shares of IMI in a report on Tuesday, November 25th.

IMI Stock Performance

IMI stock opened at GBX 2,716 on Thursday. IMI has a 1 year low of GBX 1,555.96 and a 1 year high of GBX 2,762. The company’s 50-day moving average is GBX 2,523.55 and its two-hundred day moving average is GBX 2,373.78. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The company has a market cap of £6.69 billion, a PE ratio of 29.11, a PEG ratio of 1.12 and a beta of 1.08.

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.