IMI plc’s “Outperform” Rating Reaffirmed at Credit Suisse (IMI)
IMI plc (LON:IMI)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Friday. They currently have a GBX 1,640 ($27.60) target price on the stock. Credit Suisse’s price objective would suggest a potential upside of 21.57% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of IMI plc in a research note on Tuesday. They now have a GBX 1,650 ($27.76) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of IMI plc in a research note on Monday, August 4th. They now have a GBX 1,455 ($24.48) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of IMI plc in a research note on Friday, August 1st. They now have a GBX 1,560 ($26.25) price target on the stock, down previously from GBX 1,570 ($26.42). One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. IMI plc presently has a consensus rating of “Buy” and an average target price of GBX 1,568.56 ($26.39).
Shares of IMI plc (LON:IMI) traded down 1.32% during mid-day trading on Friday, hitting GBX 1349.00. 661,939 shares of the company’s stock traded hands. IMI plc has a 52-week low of GBX 16.3314 and a 52-week high of GBX 1801.14. The stock has a 50-day moving average of GBX 599.0 and a 200-day moving average of GBX 907.1. The company’s market cap is £3.769 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Stockholders 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 of this dividend is Wednesday, August 13th.
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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