IMI (OTCMKTS:IMIAY) PT Lowered to GBX 2,000

IMI (OTCMKTS:IMIAYGet Rating) had its price target lowered by JPMorgan Chase & Co. from GBX 2,050 ($25.61) to GBX 2,000 ($24.98) in a research report report published on Friday, The Fly reports.

Several other brokerages have also weighed in on IMIAY. Morgan Stanley lowered their target price on shares of IMI from GBX 2,000 ($24.98) to GBX 1,900 ($23.74) in a research note on Monday, February 28th. Zacks Investment Research cut shares of IMI from a hold rating to a sell rating in a research report on Wednesday, April 27th. Jefferies Financial Group reduced their price target on shares of IMI from GBX 2,135 ($26.67) to GBX 1,845 ($23.05) in a research report on Wednesday, March 23rd. Finally, Societe Generale reduced their price target on shares of IMI from GBX 1,810 ($22.61) to GBX 1,400 ($17.49) in a research report on Wednesday, April 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, IMI presently has a consensus rating of Buy and an average price target of $1,439.00.

IMIAY stock remained flat at $$34.65 during mid-day trading on Friday. 5,000 shares of the company’s stock traded hands, compared to its average volume of 171. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.20 and a quick ratio of 0.74. The firm’s 50-day simple moving average is $35.95 and its two-hundred day simple moving average is $43.24. IMI has a one year low of $34.65 and a one year high of $49.46.

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

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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