IMI Given New GBX 1,680 Price Target at Investec (IMI)
Equities research analysts at Investec hoisted their price objective on shares of IMI (LON:IMI) from GBX 1,640 ($27.03) to GBX 1,680 ($27.69) in a research note issued to investors on Monday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Investec’s price target would suggest a potential upside of 7.49% from the stock’s previous close.
Shares of IMI (LON:IMI) opened at 1565.00 on Monday. IMI has a one year low of GBX 1111.00 and a one year high of GBX 1567.00. The stock’s 50-day moving average is GBX 968. and its 200-day moving average is GBX 1128.. The company’s market cap is £4.983 billion.
Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch upgraded shares of IMI to a “buy” rating in a research note to investors on Friday. Separately, analysts at Bank of America Corp. upgraded shares of IMI to a “buy” rating in a research note to investors on Friday. Finally, analysts at Jefferies Group raised their price target on shares of IMI from GBX 1,405 ($23.15) to GBX 1,590 ($26.20) in a research note to investors on Monday, January 6th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 1,462.86 ($24.11).
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.