IMI (LON:IMI)‘s stock had its “buy” rating reaffirmed by analysts at Liberum Capital in a report released on Tuesday, December 5th. They presently have a GBX 1,460 ($19.52) target price on the stock. Liberum Capital’s target price points to a potential upside of 9.53% from the company’s current price.
Several other brokerages have also recently issued reports on IMI. Deutsche Bank upgraded IMI to a “buy” rating and lifted their price target for the company from GBX 1,285 ($17.18) to GBX 1,475 ($19.72) in a research report on Monday, December 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 1,315 ($17.58) price target on shares of IMI in a research report on Friday, November 10th. Barclays reiterated an “overweight” rating on shares of IMI in a research report on Friday, November 10th. Credit Suisse Group reiterated an “outperform” rating on shares of IMI in a research report on Friday, October 13th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 1,250 ($16.71) price target on shares of IMI in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. IMI has an average rating of “Hold” and an average price target of GBX 1,298.85 ($17.37).
Shares of IMI (LON:IMI) remained flat at $GBX 1,333 ($17.82) during mid-day trading on Tuesday. 166,493 shares of the company’s stock traded hands, compared to its average volume of 573,521. IMI has a 1 year low of GBX 1,024.88 ($13.70) and a 1 year high of GBX 1,350.50 ($18.06). The company has a market capitalization of $3,630.00 and a price-to-earnings ratio of 2,380.36.
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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