IMI Receives “Outperform” Rating from BNP Paribas (IMI)
IMI (LON:IMI)‘s stock had its “outperform” rating reiterated by BNP Paribas in a research note issued on Thursday, StockRatingsNetwork reports. They currently have a GBX 1,700 ($27.27) target price on the stock. BNP Paribas’ price target points to a potential upside of 17.48% from the company’s current price.
Shares of IMI (LON:IMI) traded up 2.42% during mid-day trading on Thursday, hitting GBX 1482.00. 354,657 shares of the company’s stock traded hands. IMI has a 52-week low of GBX 897.5001 and a 52-week 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 £4.719 billion.
IMI has been the subject of a number of other recent research reports. Analysts at Barclays Capital downgraded shares of IMI to an “equal weight” rating in a research note to investors on Wednesday. They now have a GBX 1,320 ($21.18) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of IMI in a research note to investors on Thursday, October 3rd. They now have a GBX 1,550 ($24.87) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of IMI in a research note to investors on Thursday, October 3rd. They now have a GBX 1,440 ($23.10) price target on the stock. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. IMI presently has a consensus rating of “Hold” and a consensus target price of GBX 1,415.88 ($22.72).
IMI plc is a holding company. The Company is focused on the precise control and movement of fluids in critical applications.
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