IMI plc Downgraded by Credit Suisse (IMI)
IMI plc (LON:IMI) was downgraded by stock analysts at Credit Suisse to a “neutral” rating in a report issued on Tuesday. They currently have a GBX 1,500 ($24.89) price target on the stock, down from their previous price target of GBX 1,640 ($27.22). Credit Suisse’s price target would indicate a potential upside of 12.87% from the stock’s previous close.
A number of other firms have also recently commented on IMI. Analysts at RBC Capital reiterated a “sector perform” rating on shares of IMI plc in a research note on Tuesday, August 26th. They now have a GBX 1,550 ($25.72) price target on the stock. Finally, 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 ($27.38) price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,583.88 ($26.28).
Shares of IMI plc (LON:IMI) traded down 1.85% on Tuesday, hitting GBX 1329.00. The stock had a trading volume of 1,123,655 shares. IMI plc has a 52-week low of GBX 1342.00 and a 52-week high of GBX 1801.1431. The stock has a 50-day moving average of GBX 537.8 and a 200-day moving average of GBX 833.. The company’s market cap is £3.713 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Shareholders 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.
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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