IMI (LON:IMI) had its price objective raised by Goldman Sachs Group from GBX 1,250 ($16.44) to GBX 1,340 ($17.63) in a research report sent to investors on Monday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
Several other analysts have also recently commented on IMI. 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. Citigroup upgraded shares of IMI to a buy rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price objective on shares of IMI from GBX 1,100 ($14.47) to GBX 1,040 ($13.68) and set a neutral rating for the company in a research note on Tuesday, October 22nd. Bank of America reduced their price objective on shares of IMI from GBX 1,075 ($14.14) to GBX 1,050 ($13.81) and set a neutral rating for the company in a research note on Thursday, October 10th. Finally, Berenberg Bank raised 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. IMI presently has an average rating of Hold and an average price target of GBX 1,099.64 ($14.47).
Shares of LON IMI opened at GBX 1,165 ($15.32) on Monday. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 91.54. IMI has a 52 week low of GBX 896.40 ($11.79) and a 52 week high of GBX 1,214.50 ($15.98). The firm has a 50-day moving average price of GBX 1,166.65 and a 200 day moving average price of GBX 1,047.80. The stock has a market capitalization of $3.17 billion and a price-to-earnings ratio of 18.38.
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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