UBS Group reissued their neutral rating on shares of IMI (LON:IMI) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 1,010 ($13.20) target price on the stock, down from their previous target price of GBX 1,050 ($13.72).

Several other equities analysts have also recently commented on the company. Credit Suisse Group reaffirmed an underperform rating on shares of IMI in a report on Wednesday, July 3rd. Peel Hunt reissued an add rating on shares of IMI in a report on Monday, July 22nd. Morgan Stanley reissued an overweight rating on shares of IMI in a report on Thursday, July 11th. Deutsche Bank reissued a buy rating on shares of IMI in a report on Monday, July 29th. Finally, Jefferies Financial Group reissued a buy rating on shares of IMI in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 1,075 ($14.05).

IMI stock opened at GBX 925.60 ($12.09) on Wednesday. The business has a 50 day moving average price of GBX 1,006.24 and a two-hundred day moving average price of GBX 987.26. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 91.54. The stock has a market cap of $2.52 billion and a price-to-earnings ratio of 14.60. IMI has a 12 month low of GBX 867.50 ($11.34) and a 12 month high of GBX 1,237 ($16.16).

The business also recently announced a dividend, which will be paid on Friday, September 13th. Stockholders 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 dividend yield of 1.44%. IMI’s payout ratio is presently 0.65%.

About IMI

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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Analyst Recommendations for IMI (LON:IMI)

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