IMI (LON:IMI) had its price target lowered by Bank of America from GBX 1,075 ($14.05) to GBX 1,050 ($13.72) in a report published on Thursday, Digital Look reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently commented on the company. Berenberg Bank assumed coverage on IMI in a research note on Friday, September 13th. They issued a sell rating and a GBX 875 ($11.43) price target for the company. Credit Suisse Group reiterated an underperform rating on shares of IMI in a research note on Wednesday, July 3rd. Jefferies Financial Group reiterated a buy rating on shares of IMI in a research note on Wednesday, July 24th. Liberum Capital reiterated a sell rating on shares of IMI in a research note on Tuesday, August 20th. Finally, Morgan Stanley reiterated an overweight rating on shares of IMI in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 1,073.18 ($14.02).
Shares of IMI traded up GBX 37.40 ($0.49) during trading hours on Thursday, reaching GBX 984.80 ($12.87). The stock had a trading volume of 580,414 shares, compared to its average volume of 997,118. IMI has a 12 month low of GBX 867.50 ($11.34) and a 12 month high of GBX 1,143 ($14.94). The stock has a market capitalization of $2.63 billion and a PE ratio of 15.53. The company has a debt-to-equity ratio of 91.54, a quick ratio of 0.84 and a current ratio of 1.34. The company’s 50-day moving average is GBX 980.51 and its two-hundred day moving average is GBX 988.24.
The business also recently disclosed a dividend, which was paid on Friday, September 13th. Investors of record on Thursday, August 8th were issued a GBX 14.90 ($0.19) dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 1.44%. IMI’s payout ratio is 0.65%.
IMI Company Profile
IMI plc designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Critical Engineering, IMI Precision Engineering, and IMI Hydronic Engineering. The IMI Critical Engineering division offers flow control solutions. It provides valve and actuator systems to LNG compression facilities; integrated flow control systems for fluid catalytic cracking application; valves into ethylene, polypropylene, and delayed coking production processes; actuation systems to operate industrial valves; and turbine by-pass valves for power plants.
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