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
IMI Company Profile
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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