Deutsche Bank Reaffirms “Buy” Rating for IMI (IMI)
A number of other brokerages have also weighed in on IMI. Numis Securities restated a hold rating and set a GBX 1,300 ($17.50) price target on shares of IMI in a research note on Friday, September 29th. restated a hold rating and set a GBX 1,200 ($16.15) price target on shares of IMI in a research note on Friday, September 29th. Peel Hunt reiterated a hold rating and issued a GBX 1,250 ($16.82) target price on shares of IMI in a research report on Tuesday, October 31st. Credit Suisse Group upped their target price on IMI from GBX 1,310 ($17.63) to GBX 1,340 ($18.03) and gave the company an outperform rating in a research report on Friday. Finally, Jefferies Group reiterated a hold rating on shares of IMI in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 1,291.08 ($17.38).
Shares of IMI (LON IMI) opened at GBX 1,289 ($17.35) on Friday. IMI has a 52 week low of GBX 1,004 ($13.51) and a 52 week high of GBX 1,325 ($17.83).
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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