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IMI plc (LON:IMI) was downgraded by BNP Paribas to an “underperform” rating in a research note issued on Friday, American Banking & Market News reports.

IMI has been the subject of a number of other recent research reports. Analysts at UBS AG initiated coverage on shares of IMI plc in a research note on Friday. They set a “neutral” rating and a GBX 1,600 ($26.81) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of IMI plc in a research note on Wednesday, February 12th. They now have a GBX 1,550 ($25.98) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of IMI plc in a research note on Wednesday, February 12th. They now have a GBX 1,750 ($29.33) price target on the stock. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. IMI plc presently has a consensus rating of “Hold” and an average price target of GBX 1,511.54 ($25.33).

IMI plc (LON:IMI) traded down 2.49% during mid-day trading on Friday, hitting GBX 1526.00. 1,103,128 shares of the company’s stock traded hands. IMI plc has a 52-week low of GBX 1305.1429 and a 52-week high of GBX 1801.1431. The stock has a 50-day moving average of GBX 1303. and a 200-day moving average of GBX 891.9. The company’s market cap is £4.251 billion.

The company also recently declared a dividend, which is scheduled for Monday, March 10th. Investors of record on Monday, February 17th will be given a dividend of GBX 200 ($3.35) per share. This represents a yield of 13%. The ex-dividend date of this dividend is Monday, February 17th.

IMI plc is a United Kingdom-based engineering company, which designs, manufactures and services bespoke solutions that control the movement of fluids.

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