IMI (LON:IMI) Price Target Raised to GBX 2,400

IMI (LON:IMI) had its price objective lifted by Royal Bank of Canada from GBX 2,250 ($29.00) to GBX 2,400 ($30.94) in a research note released on Monday morning,Digital Look reports. The brokerage currently has an outperform rating on the stock.

IMI Stock Performance

Shares of IMI opened at GBX 2,037.38 ($26.26) 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 stock has a market capitalization of £5.17 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm’s fifty day simple moving average is GBX 1,912.97 and its two-hundred day simple moving average is GBX 1,834.37. IMI has a 12 month low of GBX 1,630 ($21.01) and a 12 month high of GBX 2,090 ($26.94).

IMI (LON:IMI) last issued its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.58) EPS for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, analysts predict that IMI will post 137.9737609 EPS for the current year.

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.