IMI (LON:IMI) Stock Rating Reaffirmed by Deutsche Bank

Deutsche Bank restated their buy rating on shares of IMI (LON:IMI) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently issued reports on IMI. Liberum Capital reissued a sell rating on shares of IMI in a report on Tuesday, August 20th. Jefferies Financial Group reissued a buy rating on shares of IMI in a report on Wednesday, July 24th. Goldman Sachs Group reissued a buy rating on shares of IMI in a report on Wednesday, July 10th. UBS Group reissued a neutral rating and issued a GBX 1,010 ($13.20) price objective (down previously from GBX 1,050 ($13.72)) on shares of IMI in a report on Wednesday, August 14th. Finally, Morgan Stanley reissued an overweight rating on shares of IMI in a report on Thursday, July 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,075 ($14.05).

IMI opened at GBX 959 ($12.53) on Wednesday. The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 91.54. The company has a market cap of $2.61 billion and a price-to-earnings ratio of 15.13. The company’s 50 day moving average is GBX 991.73 and its 200 day moving average is GBX 986.02. IMI has a 12-month low of GBX 867.50 ($11.34) and a 12-month high of GBX 1,237 ($16.16).

The company also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be paid a dividend of GBX 14.90 ($0.19) per share. This represents a yield of 1.44%. The ex-dividend date is Thursday, August 8th. IMI’s payout ratio is 0.65%.

About IMI

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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Analyst Recommendations for IMI (LON:IMI)

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