Royal Bank of Canada Boosts IMI (LON:IMI) Price Target to GBX 1,150

IMI (LON:IMI) had its price objective raised by Royal Bank of Canada from GBX 1,100 ($14.47) to GBX 1,150 ($15.13) in a research note published on Friday morning, Stock Target Advisor reports. The brokerage currently has a sector performer rating on the stock.

Several other research firms have also recently issued reports on IMI. Peel Hunt reissued an add rating and issued a GBX 1,040 ($13.68) price target on shares of IMI in a research note on Thursday, November 7th. Berenberg Bank lifted their price objective on shares of IMI from GBX 875 ($11.51) to GBX 915 ($12.04) and gave the company a sell rating in a research note on Monday, November 11th. Morgan Stanley reaffirmed an equal weight rating on shares of IMI in a report on Thursday, December 5th. Peel Hunt reiterated an add rating and issued a GBX 1,040 ($13.68) target price on shares of IMI in a research report on Thursday, November 7th. Finally, Credit Suisse Group raised shares of IMI to a neutral rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,125.67 ($14.81).

Shares of IMI stock opened at GBX 1,184.50 ($15.58) on Friday. The business’s fifty day moving average price is GBX 1,172.24 and its two-hundred day moving average price is GBX 1,051.12. The company has a debt-to-equity ratio of 91.54, a current ratio of 1.34 and a quick ratio of 0.84. The company has a market capitalization of $3.21 billion and a P/E ratio of 18.68. IMI has a 1-year low of GBX 896.40 ($11.79) and a 1-year high of GBX 1,214.50 ($15.98).

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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