UBS Group reissued their neutral rating on shares of IMI (LON:IMI) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.
Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed an overweight rating on shares of IMI in a research note on Thursday, July 11th. Goldman Sachs Group reaffirmed a buy rating on shares of IMI in a research note on Wednesday, July 10th. Peel Hunt reaffirmed an add rating on shares of IMI in a research note on Tuesday, August 20th. Credit Suisse Group reiterated an underperform rating on shares of IMI in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group reiterated a buy rating on shares of IMI in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. IMI has a consensus rating of Hold and an average price target of GBX 1,062.92 ($13.89).
LON:IMI traded down GBX 6 ($0.08) during trading hours on Thursday, hitting GBX 1,022.50 ($13.36). The stock had a trading volume of 741,052 shares, compared to its average volume of 997,118. IMI has a one year low of GBX 867.50 ($11.34) and a one year high of GBX 1,165 ($15.22). The company has a debt-to-equity ratio of 91.54, a quick ratio of 0.84 and a current ratio of 1.34. The company has a market cap of $2.77 billion and a price-to-earnings ratio of 16.13. The business’s 50 day moving average is GBX 987.98 and its 200-day moving average is GBX 989.60.
The business also recently declared a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 8th will be issued a GBX 14.90 ($0.19) dividend. This represents a dividend yield of 1.44%. The ex-dividend date is Thursday, August 8th. IMI’s dividend payout ratio (DPR) is presently 0.65%.
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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