Analysts Set IMI plc (LON:IMI) Price Target at GBX 2,690.71

IMI plc (LON:IMI) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com 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 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. lowered their price target on shares of IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating for the company in a research note on Wednesday, April 1st.

Insider Buying and Selling at IMI

In related news, insider Jamie Pike bought 3,508 shares of the stock in a transaction dated Friday, March 6th. The stock was bought at an average price of GBX 2,848 per share, with a total value of £99,907.84. Over the last three months, insiders bought 3,540 shares of company stock valued at $10,078,876. Insiders own 1.10% of the company’s stock.

IMI Trading Down 0.9%

IMI stock opened at GBX 2,579.69 on Wednesday. The company has a market capitalization of £6.35 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.07. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. IMI has a one year low of GBX 1,555.96 and a one year high of GBX 3,848. The company’s 50 day moving average price is GBX 2,755.01 and its two-hundred day moving average price is GBX 2,545.29.

IMI (LON:IMI) last announced its quarterly earnings data on Friday, March 6th. The company reported GBX 132.30 earnings per share (EPS) for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. As a group, analysts predict that IMI will post 137.9737609 earnings per share 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.