IMI Receives Outperform Rating from Credit Suisse (IMI)
IMI (LON:IMI)‘s stock had its “outperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Monday, StockRatingsNetwork.com reports. They currently have a GBX 1,640 ($27.03) price target on the stock. Credit Suisse’s price target would indicate a potential upside of 4.93% from the stock’s previous close.
IMI (LON:IMI) traded up 0.06% during mid-day trading on Monday, hitting GBX 1564.00. 414,831 shares of the company’s stock traded hands. IMI has a 52 week low of GBX 1111.00 and a 52 week 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 £4.980 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec raised their price target on shares of IMI from GBX 1,640 ($27.03) to GBX 1,680 ($27.69) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Merrill Lynch upgraded shares of IMI to a “buy” rating in a research note to investors on Friday. Finally, analysts at Bank of America Corp. upgraded shares of IMI to a “buy” rating in a research note to investors on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The company currently 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.
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