IMI plc (IMI) Receives Average Recommendation of “Hold” from Analysts
IMI plc (LON:IMI) has earned a consensus rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 1,189.09 ($15.54).
A number of equities research analysts recently weighed in on IMI shares. Peel Hunt reissued an “add” rating on shares of IMI in a research report on Thursday, November 8th. Deutsche Bank decreased their target price on IMI from GBX 1,475 ($19.27) to GBX 1,185 ($15.48) and set a “buy” rating on the stock in a research report on Friday, November 9th. Jefferies Financial Group reissued a “buy” rating on shares of IMI in a research report on Wednesday, September 5th. Credit Suisse Group downgraded IMI to a “neutral” rating and decreased their target price for the stock from GBX 1,340 ($17.51) to GBX 1,250 ($16.33) in a research report on Friday, October 5th. Finally, UBS Group reissued a “neutral” rating on shares of IMI in a research report on Friday, September 14th.
IMI stock traded down GBX 22.50 ($0.29) during trading on Monday, reaching GBX 890 ($11.63). 3,110,832 shares of the stock were exchanged, compared to its average volume of 997,118. IMI has a twelve month low of GBX 1,093 ($14.28) and a twelve month high of GBX 1,453 ($18.99).
IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company's IMI Critical Engineering division offers critical flow control solutions. It provides anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; actuation systems to operate industrial valves; and turbine by-pass valves for conventional and nuclear power plants.
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