IMI (LON:IMI) Given New GBX 2,400 Price Target at Royal Bank of Canada

IMI (LON:IMI) had its target price upped by Royal Bank of Canada from GBX 2,250 ($28.59) to GBX 2,400 ($30.50) in a report released on Monday,Digital Look reports. The firm currently has an outperform rating on the stock.

IMI Trading Up 3.7 %

Shares of IMI stock opened at GBX 2,070 ($26.31) on Monday. The stock’s 50-day moving average price is GBX 1,905.43 and its 200-day moving average price is GBX 1,831.16. IMI has a 12-month low of GBX 1,630 ($20.71) and a 12-month high of GBX 2,090 ($26.56). 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 £5.25 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI) last released its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.56) EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. Equities research analysts predict that IMI will post 137.9737609 EPS for the current fiscal 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.