RBC Capital Reiterates “Sector Perform” Rating for IMI plc (IMI)
IMI plc (LON:IMI)‘s stock had its “sector perform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,550 ($26.00) price target on the stock. RBC Capital’s price objective indicates a potential upside of 14.05% from the stock’s previous close.
Shares of IMI plc (LON:IMI) traded up 0.52% on Tuesday, hitting GBX 1366.00. 665,076 shares of the company’s stock traded hands. IMI plc has a one year low of GBX 1347.00 and a one year high of GBX 1801.1431. The stock has a 50-day moving average of GBX 558.0 and a 200-day moving average of GBX 882.9. The company’s market cap is £3.817 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Stockholders of record on Wednesday, August 13th will be given a dividend of GBX 13.60 ($0.23) per share. This represents a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of other firms have also recently commented on IMI. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IMI plc in a research note on Friday. They now have a GBX 1,640 ($27.51) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of IMI plc in a research note on Tuesday, August 5th. They now have a GBX 1,650 ($27.68) price target on the stock. Finally, 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 ($24.41) price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 1,568.56 ($26.31).
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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