IMI (LON:IMI) Coverage Initiated by Analysts at Berenberg Bank

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Berenberg Bank initiated coverage on shares of IMI (LON:IMI) in a research note published on Friday, Digital Look reports. The brokerage issued a sell rating and a GBX 875 ($11.43) price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group reissued an underperform rating on shares of IMI in a research report on Wednesday, July 3rd. Liberum Capital reissued a sell rating on shares of IMI in a research report on Tuesday, August 20th. Jefferies Financial Group reissued a buy rating on shares of IMI in a research report on Wednesday, July 24th. Deutsche Bank restated a buy rating on shares of IMI in a report on Friday, September 6th. Finally, Goldman Sachs Group restated a buy rating on shares of IMI in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. IMI presently has a consensus rating of Hold and an average target price of GBX 1,062.92 ($13.89).

IMI stock opened at GBX 1,022.50 ($13.36) on Friday. The stock has a market cap of $2.78 billion and a price-to-earnings ratio of 16.13. The company has a debt-to-equity ratio of 91.54, a current ratio of 1.34 and a quick ratio of 0.84. IMI has a 1 year low of GBX 867.50 ($11.34) and a 1 year high of GBX 1,165 ($15.22). The firm has a 50-day moving average of GBX 987.81 and a two-hundred day moving average of GBX 989.89.

The business also recently announced a dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 14.90 ($0.19) per share. This represents a yield of 1.44%. The ex-dividend date was Thursday, August 8th. IMI’s dividend payout ratio is presently 0.65%.

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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