IMI plc (IMI) Given Consensus Rating of “Hold” by Brokerages
IMI plc (LON:IMI) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 1,248.64 ($16.21).
IMI has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating on shares of IMI plc in a report on Tuesday, April 18th. J P Morgan Chase & Co raised their price objective on IMI plc from GBX 1,120 ($14.54) to GBX 1,200 ($15.58) and gave the company a “neutral” rating in a report on Friday, May 5th. Barclays PLC reissued an “overweight” rating on shares of IMI plc in a report on Tuesday, April 25th. Credit Suisse Group reissued an “outperform” rating on shares of IMI plc in a report on Friday, July 21st. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 1,450 ($18.82) price objective on shares of IMI plc in a report on Tuesday, July 18th.
IMI plc (LON IMI) traded down 0.43% on Tuesday, reaching GBX 1153.00. The company had a trading volume of 371,365 shares. The stock’s market capitalization is GBX 3.13 billion. IMI plc has a 1-year low of GBX 891.50 and a 1-year high of GBX 1,325.00. The stock’s 50 day moving average is GBX 1,226.34 and its 200-day moving average is GBX 1,234.53.
The company also recently announced a dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 10th will be given a GBX 14.20 ($0.18) dividend. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.17%.
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.
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