IMI (LON:IMI) Stock Rating Upgraded by Citigroup

IMI (LON:IMI) was upgraded by equities research analysts at Citigroup to a “buy” rating in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports.

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.

About IMI

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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Analyst Recommendations for IMI (LON:IMI)

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