IMI plc (LON:IMI) has received an average rating of “Hold” from the eighteen research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,066.54 ($13.94).

A number of research analysts recently commented on the stock. Royal Bank of Canada raised shares of IMI to an “outperform” rating and increased their target price for the company from GBX 1,000 ($13.07) to GBX 1,140 ($14.90) in a research report on Tuesday, July 14th. UBS Group reaffirmed a “neutral” rating and issued a GBX 1,070 ($13.98) target price (up from GBX 995 ($13.00)) on shares of IMI in a research report on Monday, July 27th. Peel Hunt reaffirmed a “buy” rating on shares of IMI in a research report on Friday, July 24th. Barclays increased their price target on shares of IMI from GBX 1,140 ($14.90) to GBX 1,230 ($16.07) and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of IMI in a research note on Monday, July 20th.

In other IMI news, insider Caroline Dowling bought 1,714 shares of the company’s stock in a transaction on Monday, July 27th. The stock was purchased at an average cost of GBX 1,065 ($13.92) per share, for a total transaction of £18,254.10 ($23,852.21). Insiders have acquired a total of 1,750 shares of company stock valued at $1,862,588 over the last 90 days.

LON IMI opened at GBX 1,089 ($14.23) on Friday. The company has a debt-to-equity ratio of 63.69, a current ratio of 1.52 and a quick ratio of 0.91. The firm’s fifty day moving average price is GBX 1,062.40 and its 200 day moving average price is GBX 919.18. The company has a market capitalization of $2.96 billion and a price-to-earnings ratio of 19.19. IMI has a 12 month low of GBX 619.80 ($8.10) and a 12 month high of GBX 1,214.50 ($15.87).

The firm also recently announced a dividend, which was paid on Friday, September 11th. Shareholders of record on Thursday, August 6th were issued a dividend of GBX 26.20 ($0.34) per share. The ex-dividend date of this dividend was Thursday, August 6th. This represents a yield of 2.44%. IMI’s dividend payout ratio (DPR) is currently 118.58%.

IMI Company Profile

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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