IMI plc Lowered to Hold at Investec (IMI)
IMI plc (LON:IMI) was downgraded by analysts at Investec to a “hold” rating in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,640 ($27.91) price objective on the stock, up from their previous price objective of GBX 1,630 ($27.74). Investec’s price objective indicates a potential upside of 10.66% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital downgraded shares of IMI plc to a “sector perform” rating in a research note on Wednesday, June 18th. They now have a GBX 1,550 ($26.38) price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of IMI plc in a research note on Monday, June 16th. They now have a GBX 1,640 ($27.91) price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 1,584.94 ($26.97).
Shares of IMI plc (LON:IMI) traded down 2.24% during mid-day trading on Tuesday, hitting GBX 1482.00. 684,534 shares of the company’s stock traded hands. 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 £3.998 billion.
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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