IMI (LON:IMI) Rating Reiterated by Goldman Sachs Group

Goldman Sachs Group restated their buy rating on shares of IMI (LON:IMI) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued reports about the stock. Peel Hunt reiterated a buy rating on shares of Lookers in a research note on Monday, July 8th. Deutsche Bank raised shares of RDS-A from a hold rating to a buy rating in a report on Monday, May 13th. UBS Group reissued a buy rating and set a GBX 285 ($3.72) target price on shares of in a report on Friday, June 21st. Credit Suisse Group assumed coverage on shares of Yunji in a report on Wednesday, July 3rd. They set an outperform rating and a $14.50 target price for the company. Finally, Liberum Capital reissued a hold rating on shares of Barratt Developments in a report on Thursday, May 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 1,078.33 ($14.09).

LON:IMI opened at GBX 991 ($12.95) on Wednesday. IMI has a 12 month low of GBX 867.50 ($11.34) and a 12 month high of GBX 1,268 ($16.57). The business’s fifty day moving average is GBX 983.87. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 80.56. The firm has a market capitalization of $2.70 billion and a P/E ratio of 15.88.

About IMI

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.

Recommended Story: How to trade on quiet period expirations

Analyst Recommendations for IMI (LON:IMI)

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.