IMI plc (OTCMKTS:IMIAY) Receives Consensus Recommendation of “Buy” from Brokerages

IMI plc (OTCMKTS:IMIAYGet Rating) has been given an average rating of “Buy” by the ten analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $1,786.25.

A number of equities analysts have issued reports on IMIAY shares. JPMorgan Chase & Co. decreased their price objective on IMI from GBX 2,050 ($25.61) to GBX 2,000 ($24.98) in a report on Friday. Zacks Investment Research downgraded IMI from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Societe Generale decreased their price objective on IMI from GBX 1,810 ($22.61) to GBX 1,400 ($17.49) in a report on Wednesday, April 13th. Morgan Stanley decreased their price objective on IMI from GBX 2,000 ($24.98) to GBX 1,900 ($23.74) in a report on Monday, February 28th. Finally, Jefferies Financial Group decreased their price objective on IMI from GBX 2,135 ($26.67) to GBX 1,845 ($23.05) in a report on Wednesday, March 23rd.

IMIAY opened at $34.65 on Friday. The stock has a fifty day simple moving average of $35.95 and a two-hundred day simple moving average of $43.20. 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 12-month low of $34.65 and a 12-month high of $49.46.

The business also recently declared a dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, April 8th will be issued a dividend of $0.4032 per share. The ex-dividend date is Thursday, April 7th. This represents a dividend 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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Analyst Recommendations for IMI (OTCMKTS:IMIAY)

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