IMI plc (LON:IMI) Receives GBX 2,670.71 Consensus PT from Analysts

IMI plc (LON:IMI) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 2,670.71.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Panmure Gordon reiterated a “buy” rating and set a GBX 2,760 target price on shares of IMI in a research report on Tuesday, November 25th. Finally, Berenberg Bank upped their target price on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a research report on Thursday, November 6th.

IMI Trading Up 0.6%

Shares of IMI stock opened at GBX 2,879.71 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The company has a fifty day simple moving average of GBX 2,703.20 and a 200-day simple moving average of GBX 2,475.12. The stock has a market cap of £7.09 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.12 and a beta of 1.08. IMI has a 12-month low of GBX 1,555.96 and a 12-month high of GBX 2,938.

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.