Brokerages Set IMI plc (OTCMKTS:IMIAY) Target Price at $1,872.50

Shares of IMI plc (OTCMKTS:IMIAYGet Rating) have received a consensus rating of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $1,715.00.

IMIAY has been the subject of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of IMI from GBX 2,135 ($27.82) to GBX 1,845 ($24.04) in a research note on Wednesday, March 23rd. Zacks Investment Research downgraded shares of IMI from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Morgan Stanley decreased their price objective on shares of IMI from GBX 2,000 ($26.06) to GBX 1,900 ($24.76) in a research note on Monday, February 28th. Finally, Societe Generale decreased their price objective on shares of IMI from GBX 1,810 ($23.59) to GBX 1,400 ($18.24) in a research note on Wednesday.

Shares of IMIAY stock opened at $36.37 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.74 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average price of $38.47 and a 200 day moving average price of $44.65. IMI has a 12 month low of $35.00 and a 12 month high of $49.46.

The firm also recently announced a dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, April 8th will be issued a $0.4032 dividend. The ex-dividend date is Thursday, April 7th. This represents a dividend yield of 1.73%.

About IMI (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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