Morgan Stanley reaffirmed their overweight rating on shares of IMI (LON:IMI) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.
Other analysts have also recently issued reports about the company. Deutsche Bank raised RDS-A from a hold rating to a buy rating in a report on Monday, May 13th. Goldman Sachs Group cut EXPERIAN PLC/ADR from a buy rating to a neutral rating in a research note on Wednesday. UBS Group reaffirmed a buy rating and issued a GBX 285 ($3.72) price target on shares of in a research note on Friday, June 21st. Credit Suisse Group started coverage on Yunji in a research note on Wednesday, July 3rd. They issued an outperform rating and a $14.50 price target for the company. Finally, Liberum Capital reaffirmed a hold rating on shares of Barratt Developments in a research note on Thursday, May 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 1,078.33 ($14.09).
Shares of LON:IMI opened at GBX 991 ($12.95) on Thursday. The company has a market cap of $2.70 billion and a PE ratio of 15.88. IMI has a 1-year low of GBX 867.50 ($11.34) and a 1-year high of GBX 1,268 ($16.57). The company has a debt-to-equity ratio of 80.56, a current ratio of 1.37 and a quick ratio of 0.90. The stock’s 50-day moving average price is GBX 983.87.
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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