Zacks Investment Research Upgrades IMI (OTCMKTS:IMIAY) to “Buy”

IMI (OTCMKTS:IMIAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage presently has a $55.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.68% from the company’s previous close.

According to Zacks, “IMI PLC is an engineering company. It provides designs, manufactures and services for engineered products which control the movement of fluids. The company primarily serves energy, transportation and infrastructure sector. IMI PLC is headquartered in Birmingham, the United Kingdom. “

Several other analysts have also issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of IMI in a research report on Tuesday, July 6th. Barclays reiterated an “overweight” rating on shares of IMI in a research report on Monday, August 2nd. HSBC upgraded shares of IMI from a “hold” rating to a “buy” rating in a research report on Wednesday, June 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IMI in a research report on Monday, August 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of IMI in a research report on Friday, June 4th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $55.00.

Shares of OTCMKTS:IMIAY remained flat at $$49.25 on Tuesday. The company’s fifty day simple moving average is $48.40 and its two-hundred day simple moving average is $44.54. IMI has a one year low of $26.91 and a one year high of $49.25. The stock has a market capitalization of $6.57 billion, a PE ratio of 24.14 and a beta of 0.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.53.

About IMI

IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.

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Analyst Recommendations for IMI (OTCMKTS:IMIAY)

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Zacks Investment Research Upgrades IMI (OTCMKTS:IMIAY) to “Buy”

IMI (OTCMKTS:IMIAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The brokerage presently has a $55.00 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.68% from the company’s previous close.

According to Zacks, “IMI PLC is an engineering company. It provides designs, manufactures and services for engineered products which control the movement of fluids. The company primarily serves energy, transportation and infrastructure sector. IMI PLC is headquartered in Birmingham, the United Kingdom. “

Several other analysts have also issued reports on the stock. HSBC upgraded shares of IMI from a “hold” rating to a “buy” rating in a research report on Wednesday, June 23rd. UBS Group reiterated a “neutral” rating on shares of IMI in a research report on Thursday, August 19th. Morgan Stanley reiterated an “overweight” rating on shares of IMI in a research report on Tuesday, July 6th. Barclays reiterated an “overweight” rating on shares of IMI in a research report on Monday, August 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of IMI in a research report on Monday, August 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, IMI currently has an average rating of “Buy” and an average target price of $55.00.

Shares of OTCMKTS:IMIAY remained flat at $$49.25 on Tuesday. The company’s fifty day simple moving average is $48.40 and its two-hundred day simple moving average is $44.54. IMI has a one year low of $26.91 and a one year high of $49.25. The stock has a market capitalization of $6.57 billion, a PE ratio of 24.14 and a beta of 0.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.53.

About IMI

IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.

Recommended Story: What is dividend yield?

Get a free copy of the Zacks research report on IMI (IMIAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for IMI (OTCMKTS:IMIAY)

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.