IMI (LON:IMI) Earns “Sector Perform” Rating from Royal Bank Of Canada

IMI (LON:IMI)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank Of Canada in a research note issued to investors on Friday,London Stock Exchange reports. They currently have a GBX 2,850 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 2.66% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,250 target price on shares of IMI in a research report on Wednesday, May 13th. JPMorgan Chase & Co. raised their price objective 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,380 price objective on shares of IMI in a report on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, IMI has an average rating of “Moderate Buy” and an average price target of GBX 3,073.33.

IMI Price Performance

IMI stock opened at GBX 2,928 on Friday. The company has a market capitalization of £6.93 billion, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30. IMI has a 52-week low of GBX 1,802.19 and a 52-week high of GBX 3,848. The business has a 50-day simple moving average of GBX 2,893.92 and a two-hundred day simple moving average of GBX 2,803.78.

IMI (LON:IMI) last issued its quarterly earnings data on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. Research analysts expect that IMI will post 137.9737609 EPS for the current fiscal year.

IMI Company Profile

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.