IMI plc Given Average Recommendation of “Buy” by Analysts (LON:IMI)
Shares of IMI plc (LON:IMI) have received a consensus recommendation of “Buy” from the twenty analysts that are presently covering the company, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 1,568.76 ($26.64).
Shares of IMI plc (LON:IMI) opened at 1445.00 on Wednesday. IMI plc has a 1-year low of GBX 15.9257 and a 1-year high of GBX 1613.00. The stock’s 50-day moving average is GBX 736.4 and its 200-day moving average is GBX 287.7. The company’s market cap is £3.898 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 13.60 ($0.23) per share. This represents a dividend yield of 0.94%. The ex-dividend date is Wednesday, August 13th.
A number of analysts have recently weighed in on IMI shares. Analysts at Investec reiterated a “buy” rating on shares of IMI plc in a research note on Friday. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of IMI plc in a research note on Friday. They now have a GBX 1,650 ($28.02) price target on the stock. Finally, analysts at Citigroup Inc. cut their price target on shares of IMI plc from GBX 1,735 ($29.46) to GBX 1,700 ($28.87) in a research note on Thursday, July 24th. They now have a “buy” rating on the stock.
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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