IMI (LON:IMI) Rating Reiterated by UBS Group
UBS Group reiterated their neutral rating on shares of IMI (LON:IMI) in a report issued on Tuesday, Stock Target Advisor reports. UBS Group currently has a GBX 1,100 ($14.47) price target on the stock, up from their prior price target of GBX 1,010 ($13.29).
IMI has been the topic of a number of other reports. BNP Paribas upgraded IMI to an outperform rating and set a GBX 1,275 ($16.77) price target on the stock in a research note on Thursday, November 28th. Royal Bank of Canada raised their price target on IMI from GBX 1,100 ($14.47) to GBX 1,150 ($15.13) and gave the company a sector performer rating in a research note on Friday, January 17th. JPMorgan Chase & Co. cut their price target on IMI from GBX 1,100 ($14.47) to GBX 1,040 ($13.68) and set a neutral rating on the stock in a research note on Tuesday, October 22nd. Deutsche Bank raised their price target on IMI from GBX 1,230 ($16.18) to GBX 1,280 ($16.84) and gave the company a buy rating in a research note on Monday, January 20th. Finally, Barclays assumed coverage on IMI in a report on Monday, January 20th. They set an overweight rating and a GBX 1,320 ($17.36) price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. IMI currently has an average rating of Hold and a consensus price target of GBX 1,153.21 ($15.17).
IMI stock opened at GBX 1,095 ($14.40) on Tuesday. IMI has a 1-year low of GBX 896.40 ($11.79) and a 1-year high of GBX 1,214.50 ($15.98). 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 stock has a market cap of $2.98 billion and a PE ratio of 17.27. The stock’s fifty day moving average is GBX 1,154.46 and its two-hundred day moving average is GBX 1,065.39.
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: What does the Producer Price Index (PPI) tell investors?
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