UBS Group restated their neutral rating on shares of IMI (LON:IMI) in a research report sent to investors on Friday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts have also recently issued reports on the stock. Citigroup upgraded shares of IMI to a buy rating in a research report on Wednesday, December 11th. Credit Suisse Group cut shares of IMI to an underperform rating and lifted their target price for the stock from GBX 920 ($12.10) to GBX 950 ($12.50) in a research report on Monday, February 17th. Royal Bank of Canada lifted their target price on shares of IMI from GBX 1,100 ($14.47) to GBX 1,150 ($15.13) and gave the stock a sector performer rating in a research report on Friday, January 17th. Liberum Capital restated a sell rating on shares of IMI in a research report on Friday, December 6th. Finally, BNP Paribas upgraded shares of IMI to an outperform rating and set a GBX 1,275 ($16.77) target price for the company in a research report on Thursday, November 28th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,150.31 ($15.13).
Shares of IMI opened at GBX 1,037.50 ($13.65) on Friday. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 91.54. The stock has a market cap of $2.82 billion and a P/E ratio of 16.36. The company has a 50-day moving average of GBX 1,136.62 and a two-hundred day moving average of GBX 1,068.24. IMI has a 12-month low of GBX 9.09 ($0.12) and a 12-month high of GBX 1,206 ($15.86).
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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