IMI plc (IMI) Receives GBX 1,301.25 Average Target Price from Analysts
Shares of IMI plc (LON:IMI) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 1,301.25 ($17.11).
Several brokerages have recently weighed in on IMI. Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,170 ($15.39) price objective on shares of IMI in a report on Thursday, October 12th. Barclays PLC reiterated an “overweight” rating and set a GBX 1,428 ($18.78) price objective on shares of IMI in a report on Thursday, August 17th. Credit Suisse Group reiterated an “outperform” rating on shares of IMI in a report on Friday, October 13th. Liberum Capital reiterated a “buy” rating and set a GBX 1,460 ($19.20) price objective on shares of IMI in a report on Thursday, November 9th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 1,315 ($17.30) price objective on shares of IMI in a report on Friday, November 10th.
Shares of IMI (LON IMI) remained flat at $GBX 1,254 ($16.49) during mid-day trading on Thursday. The stock had a trading volume of 491,595 shares, compared to its average volume of 609,530. IMI has a 52 week low of GBX 941.02 ($12.38) and a 52 week high of GBX 1,325 ($17.43).
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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