IMI plc Receives “Underperform” Rating from BNP Paribas (IMI)
IMI plc (LON:IMI)‘s stock had its “underperform” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Wednesday. They currently have a GBX 1,300 ($22.30) price objective on the stock. BNP Paribas’ target price would suggest a potential downside of 8.84% from the company’s current price.
A number of other analysts have also recently weighed in on IMI. Analysts at Societe Generale reiterated a “buy” rating on shares of IMI plc in a research note on Tuesday. They now have a GBX 1,690 ($28.99) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of IMI plc in a research note on Friday, July 4th. They now have a GBX 1,550 ($26.59) price target on the stock. Finally, 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. One 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. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,579.39 ($27.09).
IMI plc (LON:IMI) traded down 2.19% on Wednesday, hitting GBX 1426.00. The stock had a trading volume of 702,059 shares. 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 £3.847 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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