IMI Receives Hold Rating from Societe Generale (IMI)
IMI (LON:IMI)‘s stock had its “hold” rating restated by Societe Generale in a research note issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 1,440 ($23.23) price objective on the stock. Societe Generale’s price objective would suggest a potential downside of 2.37% from the stock’s previous close.
A number of other firms have also recently commented on IMI. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IMI (LON:IMI) in a research note to investors on Thursday. They now have a GBX 1,640 ($26.46) price target on the stock. Separately, analysts at RBC Capital upgraded shares of IMI (LON:IMI) from a “sector performer” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a GBX 1,600 ($25.81) price target on the stock, up previously from GBX 1,400 ($22.59). Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of IMI (LON:IMI) in a research note to investors on Tuesday. They now have a GBX 1,550 ($25.01) price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,404.12 ($22.65).
Shares of IMI (LON:IMI) traded down 0.88% on Thursday, hitting GBX 1462.00. 252,541 shares of the company’s stock traded hands. IMI has a 1-year low of GBX 897.5001 and a 1-year high of GBX 1528.00. The stock has a 50-day moving average of GBX 1453. and a 200-day moving average of GBX 1334.. The company’s market cap is £4.655 billion.
IMI plc is a holding company. The Company is focused on the precise control and movement of fluids in critical applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.