IMI’s (IMI) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of IMI (LON:IMI) in a research report report published on Wednesday,Digital Look reports. Berenberg Bank currently has a GBX 3,300 price target on the stock.

A number of other brokerages have also issued reports on IMI. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft upped their price objective on IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,171.67.

IMI Price Performance

Shares of LON:IMI opened at GBX 3,136 on Wednesday. The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80. IMI has a 1-year low of GBX 1,802.19 and a 1-year high of GBX 3,848. The company has a market capitalization of £7.44 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.12 and a beta of 1.05. The firm’s 50 day simple moving average is GBX 2,922.11 and its two-hundred day simple moving average is GBX 2,817.19.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. 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.