Deutsche Bank reissued their buy rating on shares of IMI (LON:IMI) in a research report report published on Wednesday. The firm currently has a GBX 1,475 ($20.85) target price on the stock.
Other analysts also recently issued research reports about the company. Peel Hunt upgraded IMI to an add rating in a research note on Monday, April 9th. Liberum Capital restated a buy rating and set a GBX 1,460 ($20.64) target price on shares of IMI in a research note on Monday, January 22nd. Morgan Stanley decreased their target price on IMI from GBX 1,260 ($17.81) to GBX 1,250 ($17.67) and set an equal weight rating for the company in a research note on Tuesday, March 6th. Jefferies Group restated a hold rating and set a GBX 1,375 ($19.43) target price on shares of IMI in a research note on Thursday, February 22nd. Finally, Numis Securities upgraded IMI to a hold rating and set a GBX 1,125 ($15.90) target price for the company in a research note on Monday, March 5th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 1,316.92 ($18.61).
Shares of LON:IMI opened at GBX 1,058 ($14.95) on Wednesday. IMI has a twelve month low of GBX 1,093 ($15.45) and a twelve month high of GBX 1,453 ($20.54).
The company also recently disclosed a dividend, which will be paid on Friday, May 18th. Shareholders of record on Thursday, April 5th will be given a GBX 25.20 ($0.36) dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 2.23%. This is an increase from IMI’s previous dividend of $14.20.
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IMI Company Profile
IMI plc is a United Kingdom-based specialized engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments.
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