IMI plc (LON:IMI) Stock Has Consensus Price Target of GBX 3,171.67 According to Analysts

IMI plc (LON:IMI) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 3,171.67.

Several equities research analysts recently commented on IMI shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,300 target price on shares of IMI in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,380 target price on shares of IMI in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a research note on Friday, July 31st.

IMI Stock Performance

Shares of IMI stock opened at GBX 3,108 on Wednesday. IMI has a 12 month low of GBX 1,802.19 and a 12 month high of GBX 3,848. The firm has a market capitalization of £7.35 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The business has a fifty day simple moving average of GBX 3,052.49 and a two-hundred day simple moving average of GBX 2,884.22.

IMI (LON:IMI) last released its 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%. On average, equities analysts forecast that IMI will post 137.9737609 earnings per share for the current fiscal year.

About IMI

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.