Peel Hunt reaffirmed their add rating on shares of IMI (LON:IMI) in a research report report published on Thursday morning, Digital Look reports. They currently have a GBX 1,040 ($13.59) price objective on the stock.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of IMI from GBX 1,100 ($14.37) to GBX 1,040 ($13.59) and set a neutral rating on the stock in a report on Tuesday, October 22nd. Liberum Capital reiterated a sell rating on shares of IMI in a report on Thursday. UBS Group reiterated a neutral rating on shares of IMI in a report on Friday, November 1st. Deutsche Bank reiterated a buy rating and issued a GBX 1,230 ($16.07) target price (up from GBX 1,185 ($15.48)) on shares of IMI in a report on Monday, November 4th. Finally, Royal Bank of Canada reiterated a sector performer rating on shares of IMI in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 1,076.15 ($14.06).
LON IMI opened at GBX 1,120 ($14.63) on Thursday. The company has a debt-to-equity ratio of 91.54, a current ratio of 1.34 and a quick ratio of 0.84. The company’s 50 day simple moving average is GBX 986.67 and its 200 day simple moving average is GBX 991.04. IMI has a 12 month low of GBX 867.50 ($11.34) and a 12 month high of GBX 1,080.50 ($14.12). The company has a market capitalization of $3.03 billion and a P/E ratio of 17.67.
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.
Further Reading: Initial Coin Offerings entail a high degree of risk
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