IMI plc Coverage Initiated at UBS AG (IMI)
Equities research analysts at UBS AG began coverage on shares of IMI plc (LON:IMI) in a research note issued to investors on Friday, Analyst Ratings Net reports. The firm set a “neutral” rating and a GBX 1,600 ($26.81) price target on the stock. UBS AG’s target price would indicate a potential upside of 4.85% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of IMI plc from GBX 1,660 ($27.82) to GBX 1,670 ($27.99) in a research note on Friday, February 7th. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,511.54 ($25.33).
IMI plc (LON:IMI) opened at 1526.00 on Friday. 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 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 ($3.35) per share. This represents a dividend yield of 13%. The ex-dividend date 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.