Deutsche Bank reissued their buy rating on shares of IMI (LON:IMI) in a research note published on Thursday morning, Digital Look reports. Deutsche Bank currently has a GBX 1,230 ($16.07) price target on the stock.
A number of other brokerages have also recently issued reports on IMI. Morgan Stanley cut IMI to an equal weight rating and lifted their price objective for the company from GBX 1,160 ($15.16) to GBX 1,200 ($15.68) in a report on Friday, November 8th. Goldman Sachs Group lifted their price objective on IMI from GBX 1,061 ($13.86) to GBX 1,250 ($16.33) and gave the company a buy rating in a report on Friday, November 8th. Peel Hunt reissued an add rating and set a GBX 1,040 ($13.59) price objective on shares of IMI in a report on Thursday, November 7th. Credit Suisse Group raised IMI to a neutral rating in a report on Thursday, October 17th. Finally, UBS Group restated a neutral rating on shares of IMI in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of GBX 1,079.23 ($14.10).
Shares of LON IMI traded up GBX 12 ($0.16) during midday trading on Thursday, reaching GBX 1,113 ($14.54). 483,466 shares of the company traded hands, compared to its average volume of 997,118. The firm has a market cap of $3.00 billion and a PE ratio of 17.56. The stock’s 50-day simple moving average is GBX 1,004.12 and its 200-day simple moving average is GBX 993.44. IMI has a 12 month low of GBX 867.50 ($11.34) and a 12 month high of GBX 1,157 ($15.12). The company has a debt-to-equity ratio of 91.54, a quick ratio of 0.84 and a current ratio of 1.34.
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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