IMI (LON:IMI)‘s stock had its “neutral” rating reissued by UBS Group in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports.
Several other analysts also recently commented on IMI. Goldman Sachs Group reaffirmed a “buy” rating on shares of IMI in a report on Wednesday, July 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of IMI in a report on Thursday, July 11th. Liberum Capital reaffirmed a “sell” rating on shares of IMI in a report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of IMI in a report on Wednesday, July 24th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of IMI in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,075 ($14.05).
IMI stock opened at GBX 966.40 ($12.63) on Wednesday. The firm has a market capitalization of $2.63 billion and a PE ratio of 15.24. The company’s 50-day moving average is GBX 993.65 and its 200-day moving average is GBX 986.13. IMI has a fifty-two week low of GBX 867.50 ($11.34) and a fifty-two week high of GBX 1,237 ($16.16). The company has a debt-to-equity ratio of 91.54, a current ratio of 1.34 and a quick ratio of 0.84.
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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