IMI’s (IMI) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of IMI (LON:IMIGet Rating) in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have a GBX 2,000 ($26.06) price target on the stock.

Other analysts have also recently issued reports about the company. Morgan Stanley reiterated an overweight rating on shares of IMI in a report on Wednesday, February 9th. Barclays reissued an overweight rating and issued a GBX 2,070 ($26.97) price target on shares of IMI in a research note on Monday, February 28th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to, the company presently has a consensus rating of Buy and a consensus price target of GBX 1,685.50 ($21.96).

LON:IMI opened at GBX 1,270 ($16.55) on Wednesday. The stock has a market cap of £3.31 billion and a P/E ratio of 17.42. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 92.08. The stock’s 50-day moving average is GBX 1,447.49 and its 200-day moving average is GBX 1,619.62. IMI has a 1-year low of GBX 1,150.09 ($14.99) and a 1-year high of GBX 1,878 ($24.47).

The firm also recently disclosed a dividend, which will be paid on Friday, May 13th. Shareholders of record on Thursday, April 7th will be paid a GBX 15.80 ($0.21) dividend. This represents a yield of 1.05%. The ex-dividend date of this dividend is Thursday, April 7th. This is an increase from IMI’s previous dividend of $7.90. IMI’s dividend payout ratio is 0.31%.

In other IMI news, insider Daniel Shook sold 36,413 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of GBX 1,482 ($19.31), for a total value of £539,640.66 ($703,206.49). Also, insider Caroline Dowling purchased 1,300 shares of the stock in a transaction on Tuesday, March 1st. The stock was acquired at an average cost of GBX 1,433 ($18.67) per share, for a total transaction of £18,629 ($24,275.48). Insiders have bought a total of 1,318 shares of company stock valued at $1,889,540 in the last quarter.

IMI Company Profile (Get Rating)

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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Analyst Recommendations for IMI (LON:IMI)

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