IMI (LON:IMI) Given Buy Rating at Deutsche Bank Aktiengesellschaft

IMI (LON:IMIGet Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have a GBX 3,250 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 21.00% from the stock’s current price.

Separately, JPMorgan Chase & Co. dropped their target price on IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating on the stock in a report on Wednesday. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,772.86.

View Our Latest Analysis on IMI

IMI Trading Down 1.6%

Shares of IMI stock opened at GBX 2,686 on Wednesday. IMI has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The firm has a market cap of £6.46 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The business has a fifty day simple moving average of GBX 2,739.70 and a 200-day simple moving average of GBX 2,634.49.

IMI (LON:IMIGet Free Report) 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%. On average, equities analysts forecast that IMI will post 137.9737609 EPS for the current fiscal year.

Insider Activity at IMI

In related news, insider Jamie Pike bought 3,508 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of GBX 2,848 per share, for a total transaction of £99,907.84. In the last ninety days, insiders purchased 3,540 shares of company stock worth $10,080,790. 1.10% of the stock is owned by company insiders.

Key Stories Impacting IMI

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About IMI

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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.

Further Reading

Analyst Recommendations for IMI (LON:IMI)

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