IMI Price Target Increased to GBX 1,530 by Analysts at Societe Generale (IMI)
Stock analysts at Societe Generale lifted their price objective on shares of IMI (LON:IMI) from GBX 1,470 ($24.13) to GBX 1,530 ($25.11) in a report issued on Monday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Societe Generale’s target price suggests a potential downside of 1.35% from the company’s current price.
Shares of IMI (LON:IMI) traded down 0.26% during mid-day trading on Monday, hitting GBX 1551.00. The stock had a trading volume of 229,947 shares. IMI has a 52-week low of GBX 1134.00 and a 52-week high of GBX 1576.00. The stock has a 50-day moving average of GBX 1003. and a 200-day moving average of GBX 1126.. The company’s market cap is £4.938 billion.
A number of other analysts have also recently weighed in on IMI. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IMI in a research note to investors on Monday, January 13th. They now have a GBX 1,640 ($26.92) price target on the stock. Separately, analysts at Investec raised their price target on shares of IMI from GBX 1,640 ($26.92) to GBX 1,680 ($27.58) in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Finally, analysts at Merrill Lynch upgraded shares of IMI to a “buy” rating in a research note to investors on Friday, January 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. IMI presently has a consensus rating of “Hold” and a consensus target price of GBX 1,466.20 ($24.07).
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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