Deutsche Bank AG Reaffirms “Hold” Rating for IMI plc (IMI)
IMI plc (LON:IMI)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Monday. They presently have a GBX 1,170 ($15.43) price objective on the stock. Deutsche Bank AG’s price objective points to a potential downside of 0.85% from the company’s current price.
A number of other analysts also recently commented on the stock. J P Morgan Chase & Co boosted their price target on shares of IMI plc from GBX 1,200 ($15.83) to GBX 1,315 ($17.35) and gave the stock a “neutral” rating in a research report on Monday, July 31st. Liberum Capital restated a “buy” rating and set a GBX 1,460 ($19.26) price target on shares of IMI plc in a research report on Friday, July 28th. Barclays PLC restated an “overweight” rating and set a GBX 1,400 ($18.47) price target on shares of IMI plc in a research report on Monday, July 24th. Credit Suisse Group restated an “outperform” rating on shares of IMI plc in a research report on Friday, July 21st. Finally, BNP Paribas restated an “outperform” rating and set a GBX 1,450 ($19.13) price target on shares of IMI plc in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,233.46 ($16.27).
Shares of IMI plc (LON:IMI) remained flat at GBX 1185.00 on Monday. The stock had a trading volume of 560,430 shares. The firm has a 50 day moving average price of GBX 1,239.88 and a 200 day moving average price of GBX 1,229.60. The company’s market cap is GBX 3.21 billion. IMI plc has a 52 week low of GBX 891.50 and a 52 week high of GBX 1,317.00.
ILLEGAL ACTIVITY WARNING: “Deutsche Bank AG Reaffirms “Hold” Rating for IMI plc (IMI)” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/07/deutsche-bank-ag-reaffirms-hold-rating-for-imi-plc-imi.html.
About IMI plc
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.
Receive News & Ratings for IMI plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMI plc and related companies with MarketBeat.com's FREE daily email newsletter.