IMI Price Target Increased to GBX 1,590 by Analysts at Jefferies Group (IMI)
Investment analysts at Jefferies Group raised their price target on shares of IMI (LON:IMI) from GBX 1,405 ($23.04) to GBX 1,590 ($26.08) in a note issued to investors on Monday, Analyst Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 2.64% from the company’s current price.
A number of other analysts have also recently weighed in on IMI. Analysts at BNP Paribas reiterated an “outperform” rating on shares of IMI in a research note to investors on Wednesday, December 18th. They now have a GBX 1,700 ($27.88) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of IMI in a research note to investors on Thursday, December 12th. They now have a GBX 1,640 ($26.90) price target on the stock. Finally, analysts at Investec upgraded shares of IMI to a “buy” rating in a research note to investors on Wednesday, December 4th. They now have a GBX 1,640 ($26.90) price target on the stock, up previously from GBX 1,550 ($25.42). Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 1,465.34 ($24.03).
Shares of IMI (LON:IMI) traded up 1.12% during mid-day trading on Monday, hitting GBX 1549.16. 618,938 shares of the company’s stock traded hands. IMI has a 52 week low of GBX 1096.00 and a 52 week high of GBX 1567.00. The stock has a 50-day moving average of GBX 783.2 and a 200-day moving average of GBX 1078.. The company’s market cap is £4.933 billion.
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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