UBS Group Reaffirms “Neutral” Rating for IMI (IMI)

UBS Group reaffirmed their neutral rating on shares of IMI (LON:IMI) in a research report report published on Friday morning, reports.

IMI has been the subject of a number of other research reports. HSBC raised shares of IMI to a buy rating and lifted their target price for the stock from GBX 1,200 ($15.63) to GBX 1,350 ($17.58) in a report on Friday, July 13th. Liberum Capital lowered shares of IMI to a sell rating and lowered their target price for the stock from GBX 1,275 ($16.61) to GBX 1,020 ($13.29) in a report on Thursday, September 6th. Barclays lifted their target price on shares of IMI from GBX 1,390 ($18.11) to GBX 1,460 ($19.02) and gave the stock an overweight rating in a report on Wednesday, June 13th. Morgan Stanley raised shares of IMI to an overweight rating and lifted their target price for the stock from GBX 1,180 ($15.37) to GBX 1,410 ($18.37) in a report on Tuesday, June 12th. Finally, Peel Hunt reaffirmed an add rating on shares of IMI in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,312.08 ($17.09).

IMI opened at GBX 1,143 ($14.89) on Friday. IMI has a 52 week low of GBX 1,093 ($14.24) and a 52 week high of GBX 1,453 ($18.93).

IMI (LON:IMI) last released its earnings results on Tuesday, July 31st. The company reported GBX 32.90 ($0.43) EPS for the quarter, topping analysts’ consensus estimates of GBX 29.70 ($0.39) by GBX 3.20 ($0.04). IMI had a net margin of 7.92% and a return on equity of 23.97%.

The company also recently declared a dividend, which was paid on Friday, September 14th. Stockholders of record on Thursday, August 9th were issued a GBX 14.60 ($0.19) dividend. This represents a dividend yield of 1.16%. The ex-dividend date was Thursday, August 9th.

About IMI

IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company's IMI Critical Engineering division offers critical flow control solutions. It provides anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; actuation systems to operate industrial valves; and turbine by-pass valves for conventional and nuclear power plants.

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