IMI plc (IMI) Receives Average Recommendation of “Hold” from Analysts
IMI plc (LON:IMI) has received a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,255.73 ($16.22).
A number of research analysts have issued reports on the stock. Barclays PLC restated an “overweight” rating and set a GBX 1,428 ($18.44) target price on shares of IMI plc in a research report on Thursday, August 17th. Credit Suisse Group restated an “outperform” rating on shares of IMI plc in a research report on Friday, July 21st. BNP Paribas restated an “outperform” rating and set a GBX 1,450 ($18.73) target price on shares of IMI plc in a research report on Tuesday, July 18th. J P Morgan Chase & Co restated a “neutral” rating on shares of IMI plc in a research report on Monday, July 24th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of IMI plc in a research report on Friday, July 14th.
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IMI plc (LON:IMI) traded up 1.07% during mid-day trading on Friday, hitting GBX 1138.00. 391,098 shares of the company’s stock were exchanged. IMI plc has a 52 week low of GBX 891.50 and a 52 week high of GBX 1,325.00. The firm has a 50 day moving average of GBX 1,183.51 and a 200 day moving average of GBX 1,227.04. The stock’s market capitalization is GBX 3.09 billion.
IMI plc (LON:IMI) last released its earnings results on Friday, July 28th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. IMI plc had a net margin of 8.70% and a return on equity of 26.19%. Equities analysts forecast that IMI plc will post $62.27 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 10th will be paid a dividend of GBX 14.20 ($0.18) per share. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.17%.
About IMI plc
IMI plc is a United Kingdom-based specialized engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments.
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