IMI plc (IMI) Receives Neutral Rating from Goldman Sachs Group, Inc. (The)
Several other brokerages have also recently weighed in on IMI. Deutsche Bank AG reaffirmed a hold rating and set a GBX 1,064 ($12.94) price objective on shares of IMI plc in a research note on Friday, November 11th. Credit Suisse Group reaffirmed a neutral rating and set a GBX 1,020 ($12.40) price objective on shares of IMI plc in a research note on Friday, October 28th. BNP Paribas raised shares of IMI plc to an outperform rating and upped their price objective for the stock from GBX 1,100 ($13.38) to GBX 1,150 ($13.99) in a research note on Thursday, November 17th. Societe Generale reaffirmed a hold rating and set a GBX 1,040 ($12.65) price objective (up from GBX 1,000 ($12.16)) on shares of IMI plc in a research note on Friday, November 11th. Finally, HSBC reaffirmed a hold rating and set a GBX 1,000 ($12.16) price objective on shares of IMI plc in a research note on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 1,000.82 ($12.17).
IMI plc (LON:IMI) traded up 1.11% on Thursday, reaching GBX 1096.00. 362,126 shares of the company’s stock traded hands. The firm’s 50 day moving average price is GBX 1,004.14 and its 200 day moving average price is GBX 1,023.91. IMI plc has a 52-week low of GBX 717.00 and a 52-week high of GBX 1,138.00. The firm’s market capitalization is GBX 2.97 billion.
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About IMI plc
IMI plc is a United Kingdom-based specialist engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.
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