IMI (LON:IMI) had its target price boosted by Jefferies Financial Group from GBX 1,125 ($14.80) to GBX 1,230 ($16.18) in a research note issued to investors on Monday, Stock Target Advisor reports. Jefferies Financial Group currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. Citigroup raised IMI to a buy rating in a report on Wednesday, December 11th. Morgan Stanley restated an equal weight rating on shares of IMI in a research note on Thursday, December 5th. Credit Suisse Group downgraded shares of IMI to an underperform rating and upped their price objective for the stock from GBX 920 ($12.10) to GBX 950 ($12.50) in a report on Monday, February 17th. Goldman Sachs Group increased their target price on shares of IMI from GBX 1,250 ($16.44) to GBX 1,340 ($17.63) and gave the company a buy rating in a research report on Monday, January 13th. Finally, Liberum Capital reissued a sell rating on shares of IMI in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. IMI has a consensus rating of Hold and an average price target of GBX 1,150.31 ($15.13).
Shares of IMI stock opened at GBX 960.99 ($12.64) on Monday. The company has a debt-to-equity ratio of 91.54, a current ratio of 1.34 and a quick ratio of 0.84. IMI has a 1-year low of GBX 9.09 ($0.12) and a 1-year high of GBX 1,206 ($15.86). The business’s fifty day moving average price is GBX 1,124 and its two-hundred day moving average price is GBX 1,069.24. The company has a market capitalization of $2.65 billion and a P/E ratio of 15.16.
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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