IMI (IMI) Receives Neutral Rating from UBS Group

IMI (LON:IMI)‘s stock had its “neutral” rating restated by analysts at UBS Group in a report issued on Friday, September 14th, reports.

A number of other equities research analysts have also weighed in on IMI. Barclays restated an “overweight” rating on shares of IMI in a report on Wednesday, May 23rd. Morgan Stanley upgraded shares of IMI to an “overweight” rating and upped their price target for the company from GBX 1,180 ($15.37) to GBX 1,410 ($18.37) in a report on Tuesday, June 12th. Goldman Sachs Group reiterated a “neutral” rating on shares of IMI in a report on Monday, June 18th. HSBC upgraded shares of IMI to a “buy” rating and upped their price target for the company from GBX 1,200 ($15.63) to GBX 1,350 ($17.58) in a report on Friday, July 13th. Finally, Peel Hunt reiterated an “add” rating on shares of IMI in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 1,287.92 ($16.78).

IMI stock traded down GBX 19 ($0.25) during mid-day trading on Friday, hitting GBX 1,136 ($14.80). 996,680 shares of the company traded hands, compared to its average volume of 997,118. IMI has a one year low of GBX 1,093 ($14.24) and a one year high of GBX 1,453 ($18.93).

IMI (LON:IMI) last announced its quarterly earnings data on Tuesday, July 31st. The company reported GBX 32.90 ($0.43) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 29.70 ($0.39) by GBX 3.20 ($0.04). IMI had a net margin of 7.92% and a return on equity of 23.97%.

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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