IMI Receives Buy Rating from Investec (IMI)
IMI (LON:IMI)‘s stock had its “buy” rating reiterated by equities researchers at Investec in a research report issued on Tuesday, Analyst Ratings Network reports.
A number of other firms have also recently commented on IMI. Analysts at Societe Generale raised their price target on shares of IMI from GBX 1,470 ($24.13) to GBX 1,530 ($25.11) in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, 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. Finally, analysts at Merrill Lynch upgraded shares of IMI to a “buy” rating in a research note to investors on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. IMI has a consensus rating of “Hold” and an average price target of GBX 1,453.62 ($23.86).
IMI (LON:IMI) traded down 0.84% on Tuesday, hitting GBX 1538.00. 450,056 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £4.897 billion.
The company also recently announced a dividend, which is scheduled for Monday, March 10th. Stockholders of record on Monday, February 17th will be paid a dividend of GBX 200 ($3.28) per share. This represents a dividend yield of 13%. The ex-dividend date is Monday, February 17th.
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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