IMI plc Rating Lowered to Sector Perform at RBC Capital (IMI)
IMI plc (LON:IMI) was downgraded by investment analysts at RBC Capital to a “sector perform” rating in a note issued to investors on Wednesday. They currently have a GBX 1,550 ($26.31) target price on the stock. RBC Capital’s price objective indicates a potential downside of 0.90% from the company’s current price.
Shares of IMI plc (LON:IMI) opened at 1542.00 on Wednesday. IMI plc has a 52 week low of GBX 1364.571 and a 52 week high of GBX 1801.1431. The stock’s 50-day moving average is GBX 16.90 and its 200-day moving average is GBX 16.90. The company’s market cap is £4.160 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IMI plc in a research note on Monday. They now have a GBX 1,640 ($27.84) price target on the stock. Separately, analysts at Investec downgraded shares of IMI plc to a “hold” rating in a research note on Wednesday, June 4th. They now have a GBX 1,640 ($27.84) price target on the stock, up previously from GBX 1,630 ($27.67). Finally, analysts at HSBC reiterated an “overweight” rating on shares of IMI plc in a research note on Thursday, May 22nd. They now have a GBX 1,800 ($30.56) price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,584.94 ($26.90).
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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