Royal Bank of Canada Issues Positive Forecast for IMI (LON:IMI) Stock Price

IMI (LON:IMI) had its price objective lifted by equities researchers at Royal Bank of Canada from GBX 2,250 ($28.78) to GBX 2,400 ($30.70) in a report issued on Monday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 20.75% from the stock’s current price.

IMI Price Performance

IMI opened at GBX 1,987.54 ($25.43) on Monday. The stock’s 50-day moving average price is GBX 1,908.70 and its 200 day moving average price is GBX 1,832.56. IMI has a 12-month low of GBX 1,630 ($20.85) and a 12-month high of GBX 2,090 ($26.74). 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 firm has a market cap of £5.04 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI) last posted its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.57) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, sell-side analysts expect that IMI will post 137.9737609 earnings per share for the current year.

IMI Company Profile

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.