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

Shares of IMI plc (LON:IMI) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One 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 issued a report on the stock in the last year is GBX 2,772.86.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,250 price target on shares of IMI in a report on Wednesday, May 13th.

IMI Price Performance

IMI stock opened at GBX 2,928 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. IMI has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848. The stock’s 50 day moving average is GBX 2,778.12 and its two-hundred day moving average is GBX 2,692.50. The company has a market capitalization of £6.97 billion, a PE ratio of 23.65, a P/E/G ratio of 1.12 and a beta of 1.04.

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.