IMI - IMI Share Forecast, Price & News

IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications. This division offers actuators, air preparation products, pressure switches, and fittings; pneumatic, hydraulic, electric, and vacuum motion solutions; solenoid valves, angle-seat valves, motorized valves, and systems for dust filters; miniature fluid control solutions; precise and accurate syringes, syringe pumps, and rotary valves; cab chassis, powertrain solutions, stainless steel valves and regulators, and emergency shutdown controls; and stainless steel valves and regulators, nuclear class valves, and emergency shutdown controls. It provides its products under the Norgren, Bimba, Buschjost, FAS, Herion, Kloehn, Adaptas, and Maxseal brands. The IMI Critical Engineering division offers specialized valves and actuators to the fossil power, oil and gas, petrochemical, nuclear, marine, and pharmaceutical markets under the IMI Bopp & Reuther, IMI CCI, IMI Fluid Kinetics, IMI NH, IMI Orton, IMI Remosa, IMI STI, IMI TH Jansen, IMI Thompson Valves, IMI Truflo Marine, IMI Truflo Rona, IMI PBM, and IMI Z&J brands. The IMI Hydronic Engineering division provides products for hydronic distribution systems, which deliver heating and cooling systems to the residential and commercial building sectors. This segment offers balancing and control solutions, thermostatic control systems, and pressure maintenance systems, dirt and air separators, and pressure step degassers under the IMI Pneumatex, IMI TA, IMI Flow Design, IMI Heimeier, and IMI Aero-Dynamiek brands. The company was founded in 1862 and is headquartered in Birmingham, the United Kingdom.

IMI Trading Down 1.2 %

Shares of IMI Stock traded down GBX 15 ($0.18) on Thursday, hitting GBX 1,284 ($15.51). The company had a trading volume of 57,024 shares, compared to its average volume of 576,145. The firm has a market cap of £3.35 billion and a P/E ratio of 1,657.69. The stock's 50-day moving average is GBX 1,255.67 and its two-hundred day moving average is GBX 1,359.90. The company has a debt-to-equity ratio of 103.53, a quick ratio of 0.80 and a current ratio of 1.33. IMI has a twelve month low of GBX 1,137 ($13.74) and a twelve month high of GBX 1,878 ($22.69).

IMI Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 16th. Investors of record on Thursday, August 11th will be paid a dividend of GBX 8.30 ($0.10) per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a yield of 0.64%. IMI's dividend payout ratio is currently 30.38%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on IMI from GBX 2,050 ($24.77) to GBX 2,000 ($24.17) and set an "overweight" rating for the company in a research report on Friday, May 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a GBX 2,000 ($24.17) target price on shares of IMI in a research report on Wednesday, April 13th. Barclays reiterated an "overweight" rating and issued a GBX 1,750 ($21.15) target price on shares of IMI in a research report on Tuesday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of IMI in a research report on Wednesday, May 11th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, IMI currently has a consensus rating of "Buy" and an average price target of GBX 1,635.71 ($19.76).