J P Morgan Chase & Co Reaffirms Neutral Rating for IMI plc (LON:IMI)
IMI plc (LON:IMI)‘s stock had its “neutral” rating reissued by equities research analysts at J P Morgan Chase & Co in a note issued to investors on Monday.
A number of other analysts also recently commented on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of IMI plc in a report on Monday, July 10th. Jefferies Group LLC raised their price target on shares of IMI plc from GBX 1,275 ($16.61) to GBX 1,300 ($16.94) and gave the stock a “hold” rating in a report on Wednesday, May 10th. HSBC Holdings plc restated a “hold” rating and set a GBX 1,150 ($14.98) price target on shares of IMI plc in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of IMI plc in a report on Friday, July 14th. Finally, Credit Suisse Group restated an “outperform” rating on shares of IMI plc in a report on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. IMI plc presently has a consensus rating of “Hold” and an average price target of GBX 1,214.29 ($15.82).
Shares of IMI plc (IMI) traded down 1.77% during midday trading on Monday, hitting GBX 1276.00. The stock had a trading volume of 698,617 shares. The firm has a 50 day moving average price of GBX 1,238.71 and a 200-day moving average price of GBX 1,217.22. IMI plc has a 52-week low of GBX 891.50 and a 52-week high of GBX 1,317.00. The stock’s market cap is GBX 3.46 billion.
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IMI plc Company Profile
IMI plc is a United Kingdom-based specialized engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments.
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