IMI plc (LON:IMI) had its price objective cut by analysts at Credit Suisse Group from GBX 1,400 ($18.88) to GBX 1,310 ($17.66) in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 14.41% from the company’s current price.
A number of other brokerages also recently weighed in on IMI. Deutsche Bank AG reaffirmed a “hold” rating on shares of IMI plc in a research note on Monday, July 10th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,400 ($18.88) target price on shares of IMI plc in a research note on Monday, July 24th. J P Morgan Chase & Co raised 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 research note on Monday, July 31st. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,460 ($19.68) target price on shares of IMI plc in a research note on Friday, July 28th. Finally, Peel Hunt raised 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 research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,240.23 ($16.72).
Shares of IMI plc (LON:IMI) opened at 1130.00 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’s 50 day moving average is GBX 1,157.14 and its 200 day moving average is GBX 1,222.48. The company’s market capitalization is GBX 3.06 billion.
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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