IMI (LON:IMI) had its price objective cut by Deutsche Bank from GBX 1,140 ($15.00) to GBX 940 ($12.37) in a report issued on Monday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
IMI has been the topic of several other reports. Peel Hunt reiterated an add rating on shares of IMI in a research report on Monday, March 16th. UBS Group restated a neutral rating on shares of IMI in a research report on Friday, February 21st. Berenberg Bank reduced their target price on shares of IMI from GBX 985 ($12.96) to GBX 815 ($10.72) and set a sell rating for the company in a report on Wednesday, March 11th. Goldman Sachs Group lowered their price target on shares of IMI from GBX 1,340 ($17.63) to GBX 1,110 ($14.60) and set a buy rating on the stock in a report on Friday, March 20th. Finally, Citigroup upgraded shares of IMI to a buy rating in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 1,058.57 ($13.92).
Shares of IMI stock opened at GBX 757 ($9.96) on Monday. The company has a current ratio of 1.37, a quick ratio of 0.86 and a debt-to-equity ratio of 74.10. IMI has a 12 month low of GBX 619.80 ($8.15) and a 12 month high of GBX 1,214.50 ($15.98). The stock has a market cap of $2.06 billion and a P/E ratio of 13.17. The company has a 50 day simple moving average of GBX 959.98 and a two-hundred day simple moving average of GBX 1,053.52.
The business also recently announced a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 2nd will be issued a GBX 26.20 ($0.34) dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 2nd. This is an increase from IMI’s previous dividend of $14.90. IMI’s payout ratio is 0.71%.
In related news, insider Daniel Shook sold 5,170 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 789 ($10.38), for a total transaction of £40,791.30 ($53,658.64). In the last 90 days, insiders have purchased 36 shares of company stock valued at $37,852.
IMI Company Profile
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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