Societe Generale Reiterates Buy Rating for IMI plc (IMI)
IMI plc (LON:IMI)‘s stock had its “buy” rating restated by Societe Generale in a research note issued on Tuesday. They currently have a GBX 1,690 ($28.99) price objective on the stock. Societe Generale’s price objective points to a potential upside of 13.65% from the stock’s previous close.
Shares of IMI plc (LON:IMI) opened at 1472.00 on Tuesday. IMI plc has a 52-week low of GBX 1415.00 and a 52-week high of GBX 1801.1431. The stock has a 50-day moving average of GBX 16.90 and a 200-day moving average of GBX 16.90. The company’s market cap is £3.971 billion.
IMI has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector perform” rating on shares of IMI plc in a research note on Friday. They now have a GBX 1,550 ($26.59) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of IMI plc from GBX 1,630 ($27.96) to GBX 1,655 ($28.39) in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of IMI plc in a research note on Tuesday, July 1st. They now have a GBX 1,740 ($29.85) price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. IMI plc presently has an average rating of “Buy” and a consensus target price of GBX 1,584.94 ($27.19).
IMI plc is a United Kingdom-based engineering company, which designs, manufactures and services bespoke solutions that control the movement of fluids.