Jefferies Group Reiterates “Hold” Rating for IMI (IMI)
IMI (LON:IMI)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued on Wednesday, American Banking and Market News reports. They currently have a GBX 1,405 ($22.43) target price on the stock. Jefferies Group’s price objective suggests a potential downside of 6.27% from the stock’s previous close.
Shares of IMI (LON:IMI) traded up 2.07% on Wednesday, hitting GBX 1530.00. The stock had a trading volume of 869,707 shares. 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 £4.872 billion.
A number of other analysts have also recently weighed in on IMI. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of IMI in a research note to investors on Tuesday. They now have a GBX 1,550 ($24.74) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of IMI in a research note to investors on Thursday, October 10th. They now have a GBX 1,700 ($27.14) price target on the stock. Finally, analysts at Barclays downgraded shares of IMI to an “equal weight” rating in a research note to investors on Wednesday, October 9th. They now have a GBX 1,320 ($21.07) price target on the stock. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,415.88 ($22.60).
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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