IMI (IMI) Given New GBX 1,340 Price Target at Credit Suisse Group
IMI (LON:IMI) had its price target lifted by Credit Suisse Group from GBX 1,310 ($17.63) to GBX 1,340 ($18.03) in a report released on Friday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 5.43% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Peel Hunt upped their price objective on IMI from GBX 1,200 ($16.15) to GBX 1,250 ($16.82) and gave the company a “hold” rating in a research note on Thursday, August 31st. Barclays reaffirmed an “overweight” rating and issued a GBX 1,428 ($19.22) price objective on shares of IMI in a research note on Thursday, August 17th. Deutsche Bank upped their price objective on IMI from GBX 1,170 ($15.75) to GBX 1,285 ($17.29) and gave the company a “hold” rating in a research note on Friday, November 10th. Numis Securities downgraded IMI to a “reduce” rating and set a GBX 1,125 ($15.14) price objective for the company. in a research note on Tuesday, December 5th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 1,315 ($17.70) price objective on shares of IMI in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. IMI currently has a consensus rating of “Hold” and an average price target of GBX 1,291.08 ($17.38).
IMI (LON IMI) opened at GBX 1,271 ($17.11) on Friday. IMI has a 52 week low of GBX 991 ($13.34) 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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