IMI plc (OTCMKTS:IMIAY) – Research analysts at Jefferies Financial Group increased their FY2020 earnings per share estimates for shares of IMI in a note issued to investors on Monday, February 22nd. Jefferies Financial Group analyst A. Douglas now expects that the company will earn $2.12 per share for the year, up from their previous estimate of $1.94. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for IMI’s FY2021 earnings at $2.04 EPS.
Several other brokerages have also commented on IMIAY. BNP Paribas lowered IMI from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 1st. Morgan Stanley restated an “overweight” rating on shares of IMI in a report on Friday, January 15th. Zacks Investment Research lowered shares of IMI from a “buy” rating to a “hold” rating in a research note on Thursday, January 7th. Barclays restated an “overweight” rating on shares of IMI in a research note on Thursday, January 21st. Finally, The Goldman Sachs Group upgraded shares of IMI from a “buy” rating to a “conviction-buy” rating in a report on Monday, January 18th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. IMI presently has an average rating of “Buy” and an average price target of $35.00.
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.
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