IMI’s (IMI) “Buy” Rating Reiterated at Deutsche Bank

Deutsche Bank reissued their buy rating on shares of IMI (LON:IMI) in a research note issued to investors on Monday morning. They currently have a GBX 1,185 ($15.48) price target on the stock.

IMI has been the topic of several other reports. Bank of America cut their target price 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 research note on Wednesday, January 9th. Morgan Stanley reissued an overweight rating on shares of IMI in a research note on Monday, January 14th. Credit Suisse Group cut their target price on shares of IMI from GBX 850 ($11.11) to GBX 830 ($10.85) and set an underperform rating on the stock in a research note on Tuesday, January 22nd. UBS Group reissued a neutral rating and set a GBX 1,050 ($13.72) target price (down from GBX 1,150 ($15.03)) on shares of IMI in a research note on Friday, November 9th. Finally, Peel Hunt cut their target price on shares of IMI from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set an add rating on the stock in a research note on Thursday, January 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. IMI has an average rating of Hold and a consensus target price of GBX 1,127.50 ($14.73).

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Shares of LON:IMI opened at GBX 982 ($12.83) on Monday. IMI has a 12-month low of GBX 1,093 ($14.28) and a 12-month high of GBX 1,453 ($18.99).

The business also recently declared a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be paid a GBX 26 ($0.34) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from IMI’s previous dividend of $14.60. This represents a dividend yield of 2.76%.

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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