IMI (LON:IMI) had its price objective decreased by Goldman Sachs Group from GBX 990 ($12.94) to GBX 950 ($12.41) in a research note published on Friday, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a neutral rating on the stock.
A number of other research analysts have also issued reports on IMI. Numis Securities reiterated an add rating and issued a GBX 1,100 ($14.37) price objective on shares of IMI in a report on Friday, March 1st. Liberum Capital reiterated a sell rating on shares of IMI in a report on Thursday, January 17th. Peel Hunt reiterated an add rating on shares of IMI in a report on Friday, March 1st. Bank of America dropped their price objective on shares of IMI from GBX 1,100 ($14.37) to GBX 1,000 ($13.07) and set a neutral rating for the company in a report on Wednesday, January 9th. Finally, Morgan Stanley reiterated an overweight rating on shares of IMI in a report on Monday, January 14th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 1,105.36 ($14.44).
Shares of LON IMI opened at GBX 1,022 ($13.35) on Friday. The company has a market capitalization of $2.77 billion and a P/E ratio of 16.38. IMI has a 1 year low of GBX 867.50 ($11.34) and a 1 year high of GBX 1,268 ($16.57). The company has a debt-to-equity ratio of 80.56, a current ratio of 1.37 and a quick ratio of 0.90.
In other IMI news, insider Daniel Shook sold 10,235 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of GBX 942 ($12.31), for a total transaction of £96,413.70 ($125,981.58). In the last 90 days, insiders have acquired 38 shares of company stock valued at $37,653.
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.
Read More: Can systematic risk be avoided?
Receive News & Ratings for IMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMI and related companies with MarketBeat.com's FREE daily email newsletter.