IMI (OTCMKTS:IMIAY – Get Rating) had its price objective decreased by equities research analysts at Societe Generale from GBX 1,810 ($23.59) to GBX 1,400 ($18.24) in a report issued on Wednesday, The Fly reports.
A number of other research analysts also recently weighed in on IMIAY. Jefferies Financial Group cut their price target on IMI from GBX 2,135 ($27.82) to GBX 1,845 ($24.04) in a research note on Wednesday, March 23rd. Morgan Stanley cut their price target on IMI from GBX 2,000 ($26.06) to GBX 1,900 ($24.76) in a research note on Monday, February 28th. Finally, Zacks Investment Research downgraded IMI from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $1,298.75.
IMIAY remained flat at $$36.37 during mid-day trading on Wednesday. The business’s fifty day moving average price is $38.95. The company has a current ratio of 1.20, a quick ratio of 0.74 and a debt-to-equity ratio of 0.55. IMI has a twelve month low of $35.00 and a twelve month high of $49.46.
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.
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