IMI (LON:IMI) Given “Sell” Rating at Liberum Capital
Liberum Capital reissued their sell rating on shares of IMI (LON:IMI) in a report published on Friday, ThisIsMoney.Co.Uk reports.
Several other equities analysts also recently commented on IMI. Deutsche Bank boosted their price objective on IMI from GBX 1,230 ($16.18) to GBX 1,280 ($16.84) and gave the company a buy rating in a research report on Monday, January 20th. Peel Hunt restated an add rating and issued a GBX 1,040 ($13.68) price objective on shares of IMI in a research report on Thursday, November 7th. Goldman Sachs Group boosted their price objective on IMI from GBX 1,250 ($16.44) to GBX 1,340 ($17.63) and gave the company a buy rating in a research report on Monday, January 13th. Morgan Stanley restated an equal weight rating on shares of IMI in a research report on Thursday, December 5th. Finally, Peel Hunt boosted their price objective on IMI from GBX 1,040 ($13.68) to GBX 1,120 ($14.73) and gave the company an add rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,150.31 ($15.13).
LON:IMI traded up GBX 13 ($0.17) during mid-day trading on Friday, hitting GBX 1,006 ($13.23). 1,588,201 shares of the company traded hands, compared to its average volume of 997,118. The stock’s fifty day moving average price is GBX 1,120.77 and its 200-day moving average price is GBX 1,069.49. IMI has a one year low of GBX 9.09 ($0.12) and a one year high of GBX 1,206 ($15.86). The firm has a market cap of $2.74 billion and a price-to-earnings ratio of 15.87. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 91.54.
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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