IMI (LON:IMI) had its target price increased by Barclays from GBX 925 ($11.38) to GBX 1,140 ($14.03) in a report issued on Monday morning, Stock Target Advisor reports. Barclays currently has an overweight rating on the stock.
A number of other brokerages have also recently commented on IMI. Deutsche Bank increased their price target on shares of IMI from GBX 1,000 ($12.31) to GBX 1,040 ($12.80) and gave the company a buy rating in a research note on Monday, May 11th. UBS Group reiterated a neutral rating and issued a GBX 995 ($12.24) price target (down previously from GBX 1,100 ($13.54)) on shares of IMI in a research note on Thursday, June 18th. Berenberg Bank reiterated a sell rating on shares of IMI in a research note on Friday, May 15th. Societe Generale cut their target price on shares of IMI from GBX 1,000 ($12.31) to GBX 970 ($11.94) and set a hold rating for the company in a research note on Friday, July 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of IMI from GBX 1,040 ($12.80) to GBX 850 ($10.46) and set a neutral rating for the company in a research note on Wednesday, March 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 991.25 ($12.20).
Shares of IMI stock opened at GBX 936.50 ($11.52) on Monday. The stock has a market cap of $2.60 billion and a P/E ratio of 16.62. The company has a debt-to-equity ratio of 74.10, a current ratio of 1.37 and a quick ratio of 0.83. The company has a fifty day moving average price of GBX 919.43 and a two-hundred day moving average price of GBX 955.89. IMI has a one year low of GBX 619.80 ($7.63) and a one year high of GBX 1,214.50 ($14.95).
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.
See Also: Cash Asset Ratio
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