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

IMI plc (LON:IMI) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. reduced their price objective on IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st.

IMI Stock Performance

LON:IMI opened at GBX 2,736 on Friday. The stock’s 50-day simple moving average is GBX 2,750.66 and its 200 day simple moving average is GBX 2,611.35. The firm has a market capitalization of £6.64 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.07. 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 twelve month low of GBX 1,775 and a twelve month high of GBX 3,848.

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

Insiders Place Their Bets

In other IMI news, insider Jamie Pike acquired 3,508 shares of IMI stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of GBX 2,848 per share, with a total value of £99,907.84. Insiders bought 3,540 shares of company stock valued at $10,081,538 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.