IMI (LON:IMI)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays in a note issued to investors on Tuesday, Analyst Price Targets reports. They currently have a GBX 1,810 ($23.65) target price on the stock. Barclays‘s price objective suggests a potential upside of 6.10% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Berenberg Bank restated a “hold” rating and set a GBX 1,485 ($19.40) price objective on shares of IMI in a research note on Monday, May 17th. Numis Securities restated a “hold” rating and set a GBX 1,650 ($21.56) price objective on shares of IMI in a research note on Wednesday, June 30th. JPMorgan Chase & Co. lifted their price objective on shares of IMI from GBX 1,650 ($21.56) to GBX 1,750 ($22.86) and gave the company an “overweight” rating in a research note on Monday, June 21st. Finally, Credit Suisse Group restated an “outperform” rating and set a GBX 1,900 ($24.82) price objective on shares of IMI in a research note on Wednesday, June 30th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. IMI currently has a consensus rating of “Buy” and an average target price of GBX 1,506.50 ($19.68).
Shares of LON IMI opened at GBX 1,706 ($22.29) on Tuesday. The company has a debt-to-equity ratio of 65.55, a quick ratio of 0.97 and a current ratio of 1.53. IMI has a 12 month low of GBX 981.50 ($12.82) and a 12 month high of GBX 1,766 ($23.07). The company’s 50 day simple moving average is GBX 1,700.38. The firm has a market cap of £4.58 billion and a PE ratio of 27.25.
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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