Liberum Capital Reaffirms Buy Rating for IMI plc (IMI)
A number of other brokerages have also recently issued reports on IMI. Credit Suisse Group reiterated an outperform rating on shares of IMI plc in a research note on Friday, July 21st. J P Morgan Chase & Co upped their price objective on IMI plc from GBX 1,120 ($14.77) to GBX 1,200 ($15.83) and gave the stock a neutral rating in a research note on Friday, May 5th. Barclays PLC reiterated an overweight rating and set a GBX 1,400 ($18.47) price objective on shares of IMI plc in a research note on Monday, July 24th. Jefferies Group LLC upped their price objective on IMI plc from GBX 1,275 ($16.82) to GBX 1,300 ($17.15) and gave the stock a hold rating in a research note on Wednesday, May 10th. Finally, BNP Paribas reiterated an outperform rating and set a GBX 1,450 ($19.13) price objective on shares of IMI plc in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 1,222.50 ($16.13).
IMI plc (LON IMI) opened at 1221.00 on Friday. The stock has a 50 day moving average of GBX 1,241.59 and a 200-day moving average of GBX 1,229.09. The company’s market cap is GBX 3.31 billion. IMI plc has a 52-week low of GBX 891.50 and a 52-week high of GBX 1,317.00.
The company also recently disclosed a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 10th will be given a dividend of GBX 14.20 ($0.19) per share. This represents a yield of 1.17%. The ex-dividend date is Thursday, August 10th.
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.
Receive News & Ratings for IMI plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMI plc and related companies with Analyst Ratings Network's FREE daily email newsletter.