Analysts’ Weekly Ratings Changes for IMI (IMI)

IMI (LON: IMI) recently received a number of ratings updates from brokerages and research firms:

  • 7/7/2020 – IMI had its price target raised by analysts at Goldman Sachs Group Inc from GBX 1,050 ($12.92) to GBX 1,120 ($13.78). They now have a “buy” rating on the stock.
  • 7/6/2020 – IMI had its price target raised by analysts at Barclays PLC from GBX 925 ($11.38) to GBX 1,140 ($14.03). They now have an “overweight” rating on the stock.
  • 7/3/2020 – IMI had its price target lowered by analysts at Societe Generale from GBX 1,000 ($12.31) to GBX 970 ($11.94). They now have a “hold” rating on the stock.
  • 7/3/2020 – IMI had its price target raised by analysts at Jefferies Financial Group Inc from GBX 960 ($11.81) to GBX 1,055 ($12.98). They now have a “buy” rating on the stock.
  • 6/25/2020 – IMI had its price target raised by analysts at Peel Hunt from GBX 840 ($10.34) to GBX 1,100 ($13.54). They now have a “buy” rating on the stock.
  • 6/18/2020 – IMI had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a GBX 995 ($12.24) price target on the stock, down previously from GBX 1,100 ($13.54).
  • 6/11/2020 – IMI had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 5/18/2020 – IMI had its “overweight” rating reaffirmed by analysts at Barclays PLC.
  • 5/15/2020 – IMI had its “sell” rating reaffirmed by analysts at Berenberg Bank.
  • 5/12/2020 – IMI had its price target raised by analysts at Credit Suisse Group AG from GBX 800 ($9.84) to GBX 810 ($9.97). They now have an “underperform” rating on the stock.
  • 5/11/2020 – IMI had its price target raised by analysts at Morgan Stanley from GBX 940 ($11.57) to GBX 980 ($12.06). They now have an “equal weight” rating on the stock.
  • 5/11/2020 – IMI had its price target raised by analysts at Deutsche Bank AG from GBX 1,000 ($12.31) to GBX 1,040 ($12.80). They now have a “buy” rating on the stock.

LON:IMI traded down GBX 19 ($0.23) during trading hours on Thursday, reaching GBX 936.50 ($11.52). 386,896 shares of the stock were exchanged, compared to its average volume of 997,118. The company has a quick ratio of 0.83, a current ratio of 1.37 and a debt-to-equity ratio of 74.10. The firm has a 50 day simple moving average of GBX 919.43 and a 200-day simple moving average of GBX 955.89. IMI plc has a 52 week low of GBX 619.80 ($7.63) and a 52 week high of GBX 1,214.50 ($14.95). The stock has a market capitalization of $2.60 billion and a P/E ratio of 16.29.

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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