IMI Price Target Cut to GBX 1,500 (IMI)
Berenberg Bank dropped their target price on shares of IMI (LON:IMI) from GBX 1,600 ($26.29) to GBX 1,500 ($24.65) in a research note issued on Friday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 1.35% from the stock’s previous close.
A number of other analysts have also recently weighed in on IMI. Analysts at Investec cut their price target on shares of IMI from GBX 1,680 ($27.61) to GBX 1,630 ($26.79) in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of IMI in a research note to investors on Monday, February 3rd. They set a “buy” rating and a GBX 1,800 ($29.58) 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 Monday, February 3rd. They now have a GBX 1,640 ($26.95) price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 1,482.58 ($24.36).
Shares of IMI (LON:IMI) opened at 1480.00 on Friday. IMI has a 52-week low of GBX 1142.00 and a 52-week high of GBX 1576.00. The stock has a 50-day moving average of GBX 1053.43 and a 200-day moving average of GBX 1116.. The company’s market cap is £4.712 billion.
The company also recently declared a dividend, which is scheduled for Monday, March 10th. Shareholders of record on Monday, February 17th will be given a dividend of GBX 200 ($3.29) per share. This represents a yield of 13%. The ex-dividend date of this dividend 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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