IMI plc (IMI) Price Target Cut to GBX 1,310
IMI plc (LON:IMI) had its target price cut by analysts at Credit Suisse Group from GBX 1,400 ($18.88) to GBX 1,310 ($17.66) in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 13.81% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Liberum Capital restated a “buy” rating and issued a GBX 1,460 ($19.68) target price on shares of IMI plc in a report on Friday, July 28th. Peel Hunt upped their target price on shares of IMI plc from GBX 1,200 ($16.18) to GBX 1,250 ($16.85) and gave the company a “hold” rating in a report on Thursday, August 31st. Deutsche Bank AG restated a “hold” rating on shares of IMI plc in a report on Monday, July 10th. J P Morgan Chase & Co upped their target price on shares of IMI plc from GBX 1,200 ($16.18) to GBX 1,315 ($17.73) and gave the company a “neutral” rating in a report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of IMI plc in a report on Friday, July 14th. One research 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 stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,240.23 ($16.72).
IMI plc (IMI) opened at 1151.00 on Wednesday. IMI plc has a one year low of GBX 891.50 and a one year high of GBX 1,325.00. The company has a 50-day moving average of GBX 1,157.14 and a 200-day moving average of GBX 1,222.48. The stock’s market capitalization is GBX 3.12 billion.
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IMI plc Company Profile
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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