Peel Hunt Reiterates “Add” Rating for IMI (LON:IMI)
Peel Hunt restated their add rating on shares of IMI (LON:IMI) in a report issued on Monday, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently commented on IMI. Goldman Sachs Group cut to a sell rating and set a GBX 270 ($3.53) price target on the stock. in a report on Wednesday, June 5th. Liberum Capital reissued a hold rating on shares of Barratt Developments in a report on Thursday, May 9th. Credit Suisse Group began coverage on Yunji in a report on Wednesday, July 3rd. They issued an outperform rating and a $14.50 price target on the stock. UBS Group reissued a buy rating and issued a GBX 285 ($3.72) price target on shares of in a report on Friday, June 21st. Finally, Deutsche Bank raised RDS-A from a hold rating to a buy rating in a report on Monday, May 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 1,078.33 ($14.09).
LON IMI opened at GBX 991.20 ($12.95) on Monday. The business has a 50 day simple moving average of GBX 982.62. The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 80.56. IMI has a 12 month low of GBX 867.50 ($11.34) and a 12 month high of GBX 1,268 ($16.57). The stock has a market cap of $2.69 billion and a PE ratio of 15.88.
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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