IMI’s (IMI) Add Rating Reiterated at Peel Hunt
Peel Hunt reissued their add rating on shares of IMI (LON:IMI) in a research report released on Friday morning, ThisIsMoney.Co.Uk reports.
IMI has been the topic of several other reports. Liberum Capital reiterated a sell rating on shares of IMI in a research report on Friday. Berenberg Bank increased their price objective on IMI from GBX 915 ($12.04) to GBX 985 ($12.96) and gave the company a sell rating in a research report on Monday, January 20th. Citigroup upgraded IMI to a buy rating in a research report on Wednesday, December 11th. Peel Hunt reiterated an add rating and set a GBX 1,040 ($13.68) price objective on shares of IMI in a research report on Thursday, November 7th. Finally, Jefferies Financial Group increased their price objective on IMI from GBX 1,125 ($14.80) to GBX 1,230 ($16.18) and gave the company a buy rating in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,150.31 ($15.13).
Shares of IMI stock traded up GBX 13 ($0.17) during trading on Friday, hitting GBX 1,006 ($13.23). 1,588,201 shares of the stock traded hands, compared to its average volume of 997,118. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 91.54. The stock has a market cap of $2.74 billion and a price-to-earnings ratio of 15.87. The firm’s fifty day moving average is GBX 1,120.77 and its 200-day moving average is GBX 1,069.49. IMI has a 52 week low of GBX 9.09 ($0.12) and a 52 week high of GBX 1,206 ($15.86).
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.
Read More: Cash Flow
Receive News & Ratings for IMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMI and related companies with MarketBeat.com's FREE daily email newsletter.