IMI plc Rating Reiterated by Espirito Santo Investment Bank Research (IMI)
IMI plc (LON:IMI)‘s stock had its “buy” rating reaffirmed by investment analysts at Espirito Santo Investment Bank Research in a note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 1,650 ($27.83) target price on the stock. Espirito Santo Investment Bank Research’s price objective suggests a potential upside of 8.06% from the stock’s previous close.
IMI plc (LON:IMI) traded up 0.99% during mid-day trading on Tuesday, hitting GBX 1527.00. 476,534 shares of the company’s stock traded hands. IMI plc has a 52-week low of GBX 13.6571 and a 52-week high of GBX 1798.86. The stock has a 50-day moving average of GBX 886.9 and a 200-day moving average of GBX 1081.. The company’s market cap is £4.119 billion.
A number of other firms have also recently commented on IMI. Analysts at Berenberg Bank cut their price target on shares of IMI plc from GBX 1,500 ($25.30) to GBX 1,430 ($24.12) in a research note on Friday, April 11th. They now have a “hold” rating on the stock. Separately, analysts at HSBC upgraded shares of IMI plc to an “overweight” rating in a research note on Wednesday, April 9th. They now have a GBX 1,750 ($29.52) price target on the stock, up previously from GBX 1,620 ($27.33). Finally, analysts at Jefferies Group upgraded shares of IMI plc to a “buy” rating in a research note on Monday, April 7th. They now have a GBX 1,750 ($29.52) price target on the stock, up previously from GBX 1,590 ($26.82). Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 1,564 ($26.38).
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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