Several other research analysts have also recently weighed in on the company. Bank of America decreased their target price on IMI from GBX 1,075 ($14.14) to GBX 1,050 ($13.81) and set a “neutral” rating for the company in a research note on Thursday, October 10th. Liberum Capital reaffirmed a “sell” rating on shares of IMI in a research note on Friday, December 6th. Peel Hunt reaffirmed an “add” rating and set a GBX 1,040 ($13.68) target price on shares of IMI in a research note on Thursday, November 7th. Credit Suisse Group raised IMI to a “neutral” rating in a research note on Thursday, October 17th. Finally, Berenberg Bank upped their target price on IMI from GBX 875 ($11.51) to GBX 915 ($12.04) and gave the company a “sell” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 1,093.21 ($14.38).
Shares of IMI stock opened at GBX 1,205.50 ($15.86) on Wednesday. The stock has a 50-day simple moving average of GBX 1,091.34 and a 200 day simple moving average of GBX 1,010.47. IMI has a fifty-two week low of GBX 867.50 ($11.41) and a fifty-two week high of GBX 1,157 ($15.22). The stock has a market capitalization of $3.14 billion and a P/E ratio of 19.01. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 91.54.
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.
Receive News & Ratings for IMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMI and related companies with MarketBeat.com's FREE daily email newsletter.