IMI plc (LON:IMI) Given Average Rating of “Moderate Buy” by Analysts

IMI plc (LON:IMI) has earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. decreased their target price on shares of IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating for the company in a research report on Wednesday.

IMI Stock Up 3.4%

IMI stock traded up GBX 86.46 during mid-day trading on Wednesday, hitting GBX 2,616.46. The stock had a trading volume of 951,847 shares, compared to its average volume of 14,853,315. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. IMI has a 1-year low of GBX 1,555.96 and a 1-year high of GBX 3,848. The company has a fifty day moving average of GBX 2,761.45 and a 200 day moving average of GBX 2,538.62. The stock has a market capitalization of £6.44 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 1.12 and a beta of 1.05.

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

Insider Transactions at IMI

In other IMI news, insider Jamie Pike bought 3,508 shares of the stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of GBX 2,848 per share, with a total value of £99,907.84. Insiders have acquired 3,540 shares of company stock valued at $10,078,876 in the last three months. Corporate 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.