Numis Securities Ltd Reiterates Hold Rating for IMI (IMI)
IMI (LON:IMI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday, Stock Ratings News reports. They currently have a GBX 1,550 ($25.43) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 3.68% from the stock’s previous close.
IMI (LON:IMI) traded up 0.62% during mid-day trading on Wednesday, hitting GBX 1504.30. 549,078 shares of the company’s stock traded hands. IMI has a one year low of GBX 1142.00 and a one year high of GBX 1576.00. The stock’s 50-day moving average is GBX 992.7 and its 200-day moving average is GBX 1089.. The company’s market cap is £4.790 billion.
The company also recently announced a dividend, which is scheduled for Monday, March 10th. Investors 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.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of IMI in a research note on Wednesday. They now have a GBX 1,750 ($28.71) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of IMI from GBX 1,660 ($27.24) to GBX 1,670 ($27.40) in a research note on Friday, February 7th. They now have an “overweight” rating on the stock. Finally, analysts at Berenberg Bank cut their price target on shares of IMI from GBX 1,600 ($26.25) to GBX 1,500 ($24.61) in a research note on Friday, February 7th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. IMI presently has a consensus rating of “Hold” and an average price target of GBX 1,495.31 ($24.53).
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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