Other analysts have also issued research reports about the company. Goldman Sachs Group reiterated a neutral rating on shares of IMI in a report on Monday, June 18th. Barclays restated an overweight rating on shares of IMI in a research note on Wednesday, May 23rd. Liberum Capital lowered IMI to a hold rating in a research note on Wednesday, August 1st. Peel Hunt restated an add rating on shares of IMI in a research note on Tuesday, July 31st. Finally, Deutsche Bank restated a buy rating on shares of IMI in a research note on Tuesday, May 15th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. IMI presently has an average rating of Hold and an average price target of GBX 1,312.08 ($16.93).
Shares of IMI opened at GBX 1,149 ($14.82) on Wednesday. IMI has a 12 month low of GBX 1,093 ($14.10) and a 12 month high of GBX 1,453 ($18.74).
IMI (LON:IMI) last issued its quarterly earnings data on Tuesday, July 31st. The company reported GBX 32.90 ($0.42) EPS for the quarter, beating the consensus estimate of GBX 29.70 ($0.38) by GBX 3.20 ($0.04). IMI had a return on equity of 23.97% and a net margin of 7.92%.
The company also recently announced a dividend, which will be paid on Friday, September 14th. Investors of record on Thursday, August 9th will be paid a GBX 14.60 ($0.19) dividend. The ex-dividend date is Thursday, August 9th. This represents a yield of 1.16%.
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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