Brokerages Set IMI plc (LON:IMI) Price Target at GBX 2,808.57

Shares of IMI plc (LON:IMI) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 2,808.57.

A number of research firms have weighed in on IMI. JPMorgan Chase & Co. lifted their price objective on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,250 price objective on shares of IMI in a research report on Wednesday, May 13th.

IMI Stock Performance

LON IMI opened at GBX 2,860 on Friday. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. IMI has a fifty-two week low of GBX 1,802.19 and a fifty-two week high of GBX 3,848. The stock has a 50-day simple moving average of GBX 2,836.67 and a two-hundred day simple moving average of GBX 2,764.34. The firm has a market capitalization of £6.77 billion, a P/E ratio of 23.10, a PEG ratio of 1.12 and a beta of 1.05.

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.