IMI plc (IMI) Given “Buy” Rating at Liberum Capital
Several other research firms also recently issued reports on IMI. Barclays PLC restated an overweight rating and set a GBX 1,400 ($18.41) price objective on shares of IMI plc in a report on Monday, July 24th. J P Morgan Chase & Co lifted their price objective on IMI plc from GBX 1,200 ($15.78) to GBX 1,315 ($17.30) and gave the stock a neutral rating in a report on Monday, July 31st. Numis Securities Ltd restated a hold rating and set a GBX 1,300 ($17.10) price objective on shares of IMI plc in a report on Friday, September 29th. HSBC Holdings plc restated a hold rating and set a GBX 1,200 ($15.78) price objective on shares of IMI plc in a report on Friday, September 29th. Finally, Peel Hunt restated a hold rating and set a GBX 1,250 ($16.44) price objective on shares of IMI plc in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 1,268.31 ($16.68).
IMI plc (LON IMI) traded down GBX 2 ($0.03) during mid-day trading on Thursday, reaching GBX 1,260 ($16.57). The company’s stock had a trading volume of 612,198 shares, compared to its average volume of 536,172. IMI plc has a 52 week low of GBX 899.50 ($11.83) and a 52 week high of GBX 1,325 ($17.43).
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About IMI plc
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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