IMI (LON:IMI) had its price objective increased by Jefferies Financial Group from GBX 1,125 ($14.80) to GBX 1,230 ($16.18) in a report released on Monday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
Several other brokerages have also recently weighed in on IMI. Liberum Capital reiterated a sell rating on shares of IMI in a research note on Friday, December 6th. BNP Paribas upgraded shares of IMI to an outperform rating and set a GBX 1,275 ($16.77) price objective for the company in a research note on Thursday, November 28th. Credit Suisse Group cut shares of IMI to an underperform rating and lifted their price objective for the stock from GBX 920 ($12.10) to GBX 950 ($12.50) in a research note on Monday, February 17th. Berenberg Bank lifted their price objective on shares of IMI from GBX 915 ($12.04) to GBX 985 ($12.96) and gave the stock a sell rating in a research note on Monday, January 20th. Finally, Citigroup upgraded shares of IMI to a buy rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 1,150.31 ($15.13).
Shares of IMI stock opened at GBX 1,001 ($13.17) on Monday. IMI has a twelve month low of GBX 9.09 ($0.12) and a twelve month high of GBX 1,206 ($15.86). 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 company has a 50-day simple moving average of GBX 1,130.14 and a two-hundred day simple moving average of GBX 1,068.80. The stock has a market capitalization of $2.75 billion and a price-to-earnings ratio of 15.79.
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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