IMI (LON:IMI) Upgraded at Credit Suisse Group

Credit Suisse Group upgraded shares of IMI (LON:IMI) to a neutral rating in a report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently weighed in on the company. Bank of America decreased their price target on IMI from GBX 1,075 ($14.05) to GBX 1,050 ($13.72) and set a neutral rating on the stock in a research report on Thursday, October 10th. Liberum Capital reiterated a sell rating on shares of IMI in a research report on Tuesday, August 20th. Berenberg Bank assumed coverage on IMI in a research report on Friday, September 13th. They set a sell rating and a GBX 875 ($11.43) price target on the stock. Morgan Stanley reiterated an overweight rating on shares of IMI in a research report on Thursday, July 11th. Finally, Peel Hunt reiterated an add rating on shares of IMI in a research report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,073.18 ($14.02).

LON IMI opened at GBX 968.20 ($12.65) on Thursday. The company has a market cap of $2.64 billion and a PE ratio of 15.27. IMI has a 52 week low of GBX 867.50 ($11.34) and a 52 week high of GBX 1,080.50 ($14.12). The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 91.54. The firm’s 50-day simple moving average is GBX 982.27 and its two-hundred day simple moving average is GBX 989.18.

IMI Company Profile

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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