UBS Group restated their neutral rating on shares of IMI (LON:IMI) in a report released on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently weighed in on the stock. Goldman Sachs Group reissued a buy rating on shares of IMI in a report on Wednesday, July 10th. Peel Hunt reissued an add rating on shares of IMI in a report on Tuesday, August 20th. Credit Suisse Group reissued an underperform rating on shares of IMI in a report on Wednesday, July 3rd. Liberum Capital reissued a sell rating on shares of IMI in a report on Tuesday, August 20th. Finally, Deutsche Bank reissued a buy rating on shares of IMI in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of GBX 1,075 ($14.05).
Shares of LON IMI opened at GBX 959 ($12.53) on Wednesday. IMI has a twelve month low of GBX 867.50 ($11.34) and a twelve month high of GBX 1,237 ($16.16). The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 91.54. The company has a market capitalization of $2.61 billion and a price-to-earnings ratio of 15.13. The firm has a 50-day moving average of GBX 991.73 and a two-hundred day moving average of GBX 986.02.
The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 8th will be issued a GBX 14.90 ($0.19) dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 1.44%. IMI’s dividend payout ratio is currently 0.65%.
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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