IMI (IMI) Given Buy Rating at Liberum Capital
IMI (LON:IMI)‘s stock had its “buy” rating reiterated by equities researchers at Liberum Capital in a report released on Monday. They currently have a GBX 1,460 ($19.80) price objective on the stock. Liberum Capital’s price target points to a potential upside of 3.77% from the stock’s current price.
Several other research firms have also recently weighed in on IMI. Numis Securities reissued a “hold” rating and set a GBX 1,300 ($17.63) price objective on shares of IMI in a report on Friday, September 29th. Peel Hunt reissued a “hold” rating and set a GBX 1,250 ($16.95) price objective on shares of IMI in a report on Tuesday, October 31st. reissued a “hold” rating and set a GBX 1,200 ($16.27) price objective on shares of IMI in a report on Friday, September 29th. Credit Suisse Group boosted their price objective on shares of IMI from GBX 1,310 ($17.77) to GBX 1,340 ($18.17) and gave the company an “outperform” rating in a report on Friday, December 15th. Finally, Jefferies Group restated a “hold” rating on shares of IMI in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,323.75 ($17.95).
IMI (LON IMI) opened at GBX 1,407 ($19.08) on Monday. IMI has a twelve month low of GBX 1,053.44 ($14.29) and a twelve month high of GBX 1,453 ($19.70). The firm has a market cap of $3,830.00 and a P/E ratio of 2,512.50.
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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