IMI (IMI) Price Target Cut to GBX 950 by Analysts at Goldman Sachs Group

IMI (LON:IMI) had its target price cut by Goldman Sachs Group from GBX 990 ($12.94) to GBX 950 ($12.41) in a research note issued to investors on Friday, April 12th, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

IMI has been the subject of a number of other reports. HSBC reduced their target price on shares of IMI from GBX 1,350 ($17.64) to GBX 1,225 ($16.01) and set a buy rating for the company in a report on Monday, March 4th. Credit Suisse Group cut their price objective on shares of IMI from GBX 850 ($11.11) to GBX 830 ($10.85) and set an underperform rating on the stock in a report on Tuesday, January 22nd. Liberum Capital restated a sell rating on shares of IMI in a report on Thursday, January 17th. Numis Securities restated an add rating and set a GBX 1,100 ($14.37) price objective on shares of IMI in a report on Friday, March 1st. Finally, Bank of America cut their price target on shares of IMI from GBX 1,100 ($14.37) to GBX 1,000 ($13.07) and set a neutral rating on the stock in a report on Wednesday, January 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. IMI presently has a consensus rating of Hold and an average price target of GBX 1,105.36 ($14.44).

Shares of IMI traded down GBX 8 ($0.10) during trading hours on Friday, reaching GBX 1,044 ($13.64). 1,416,639 shares of the company traded hands, compared to its average volume of 997,118. IMI has a 12-month low of GBX 867.50 ($11.34) and a 12-month high of GBX 1,268 ($16.57). The firm has a market capitalization of $2.83 billion and a P/E ratio of 16.73. The company has a current ratio of 1.37, a quick ratio of 0.90 and a debt-to-equity ratio of 80.56.

The firm also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 26 ($0.34) per share. This is a positive change from IMI’s previous dividend of $14.60. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.76%. IMI’s dividend payout ratio (DPR) is 0.66%.

In other news, insider Daniel Shook sold 10,235 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of GBX 942 ($12.31), for a total transaction of £96,413.70 ($125,981.58). Insiders have bought a total of 38 shares of company stock worth $37,653 in the last quarter.

IMI Company Profile

IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company's IMI Critical Engineering division offers critical flow control solutions. It provides anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; actuation systems to operate industrial valves; and turbine by-pass valves for conventional and nuclear power plants.

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Analyst Recommendations for IMI (LON:IMI)

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