IMI Upgraded to Buy by Bank of America Corp. (IMI)
IMI (LON:IMI) was upgraded by stock analysts at Bank of America Corp. to a “buy” rating in a report issued on Friday, Analyst Ratings News reports.
Shares of IMI (LON:IMI) traded up 2.29% during mid-day trading on Friday, hitting GBX 1563.00. The stock had a trading volume of 871,286 shares. IMI has a 52-week low of GBX 1108.00 and a 52-week high of GBX 1571.00. The stock has a 50-day moving average of GBX 1010. and a 200-day moving average of GBX 1139.. The company’s market cap is £4.977 billion.
IMI has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of IMI from GBX 1,405 ($23.04) to GBX 1,590 ($26.08) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,460.64 ($23.96).
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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