Berenberg Bank Initiates Coverage on IMI (LON:IMI)
Berenberg Bank started coverage on shares of IMI (LON:IMI) in a report issued on Friday, Digital Look reports. The brokerage issued a sell rating and a GBX 875 ($11.43) price target on the stock.
IMI has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a buy rating on shares of IMI in a report on Wednesday, July 24th. UBS Group reaffirmed a neutral rating on shares of IMI in a report on Thursday, September 12th. Credit Suisse Group reaffirmed an underperform rating on shares of IMI in a report on Wednesday, July 3rd. Peel Hunt reaffirmed an add rating on shares of IMI in a report on Tuesday, August 20th. Finally, Liberum Capital reaffirmed a sell rating on shares of IMI in a report on Tuesday, August 20th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 1,062.92 ($13.89).
Shares of IMI stock opened at GBX 1,036.50 ($13.54) on Friday. The company has a 50 day moving average of GBX 986.60 and a 200-day moving average of GBX 990.79. IMI has a 1-year low of GBX 867.50 ($11.34) and a 1-year high of GBX 1,165 ($15.22). The company has a current ratio of 1.34, a quick ratio of 0.84 and a debt-to-equity ratio of 91.54. The company has a market cap of $2.82 billion and a PE ratio of 16.35.
IMI Company Profile
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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