IMI (LON:IMI) PT Raised to GBX 2,000

IMI (LON:IMI – Get Rating) had its price objective upped by Royal Bank of Canada from GBX 1,900 ($22.85) to GBX 2,000 ($24.05) in a report published on Friday, MarketBeat reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the company. Barclays reiterated an overweight rating and set a GBX 1,750 ($21.04) target price on shares of IMI in a research report on Tuesday, November 15th. JPMorgan Chase & Co. upped their target price on IMI from GBX 1,655 ($19.90) to GBX 1,800 ($21.65) and gave the company an overweight rating in a research report on Monday.

IMI Stock Performance

IMI opened at GBX 1,625 ($19.54) on Friday. The business has a fifty day simple moving average of GBX 1,473.54 and a 200 day simple moving average of GBX 1,327.85. The company has a market capitalization of £4.24 billion, a PE ratio of 2,083.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. IMI has a 1 year low of GBX 1,069 ($12.85) and a 1 year high of GBX 1,641 ($19.73). The company has a debt-to-equity ratio of 103.53, a current ratio of 1.33 and a quick ratio of 0.80.

IMI Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 12th. Investors of record on Thursday, April 6th will be given a dividend of GBX 17.40 ($0.21) per share. This is an increase from IMI’s previous dividend of $8.30. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, April 6th. IMI’s dividend payout ratio is currently 3,076.92%.

IMI Company Profile

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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.