IMI’s (IMI) Buy Rating Reiterated at Jefferies Financial Group

by · The Cerbat Gem

Jefferies Financial Group reissued their buy rating on shares of IMI (LON:IMI – Free Report) in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has a GBX 3,585 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a report on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,214.17.

Check Out Our Latest Analysis on IMI

IMI Stock Down 1.8%

IMI opened at GBX 2,872 on Thursday. The firm has a market cap of £6.74 billion, a P/E ratio of 21.16, a PEG ratio of 1.12 and a beta of 1.04. The business’s fifty day simple moving average is GBX 3,035.35 and its 200 day simple moving average is GBX 2,880.71. IMI has a 52 week low of GBX 1,802.19 and a 52 week high of GBX 3,848. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30.

IMI (LON:IMI – Get Free Report) last announced 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%. As a group, equities research analysts anticipate that IMI will post 137.97 EPS for the current fiscal year.

About IMI

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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.

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