Deutsche Bank Cuts IMI (LON:IMI) Price Target to GBX 940

IMI (LON:IMI) had its target price lowered by Deutsche Bank from GBX 1,140 ($15.00) to GBX 940 ($12.37) in a research report sent to investors on Monday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on IMI. Jefferies Financial Group upped their price target on IMI from GBX 1,125 ($14.80) to GBX 1,230 ($16.18) and gave the stock a buy rating in a research note on Monday, February 24th. Liberum Capital reissued a sell rating on shares of IMI in a research note on Friday, February 28th. Berenberg Bank reduced their target price on IMI from GBX 985 ($12.96) to GBX 815 ($10.72) and set a sell rating for the company in a report on Wednesday, March 11th. Morgan Stanley restated an equal weight rating on shares of IMI in a report on Thursday, December 5th. Finally, Credit Suisse Group reaffirmed an underperform rating on shares of IMI in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. IMI currently has a consensus rating of Hold and a consensus target price of GBX 1,071.43 ($14.09).

LON IMI opened at GBX 757 ($9.96) on Monday. IMI has a fifty-two week low of GBX 619.80 ($8.15) and a fifty-two week high of GBX 1,214.50 ($15.98). The stock’s 50-day moving average is GBX 967.38 and its two-hundred day moving average is GBX 1,054.80. The company has a debt-to-equity ratio of 74.10, a current ratio of 1.37 and a quick ratio of 0.86. The firm has a market cap of $1.94 billion and a P/E ratio of 13.17.

The firm also recently disclosed a dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 2nd will be paid a GBX 26.20 ($0.34) dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from IMI’s previous dividend of $14.90. This represents a dividend yield of 2.6%. IMI’s payout ratio is presently 0.71%.

In related news, insider Daniel Shook sold 5,170 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 789 ($10.38), for a total transaction of £40,791.30 ($53,658.64). Insiders bought 36 shares of company stock worth $37,852 over the last quarter.

About IMI

IMI plc designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Critical Engineering, IMI Precision Engineering, and IMI Hydronic Engineering. The IMI Critical Engineering division offers flow control solutions. It provides valve and actuator systems to LNG compression facilities; integrated flow control systems for fluid catalytic cracking application; valves into ethylene, polypropylene, and delayed coking production processes; actuation systems to operate industrial valves; and turbine by-pass valves for power plants.

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Analyst Recommendations for IMI (LON:IMI)

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