Barclays PLC Reaffirms “Overweight” Rating for IMI plc (IMI)
IMI plc (LON:IMI)‘s stock had its “overweight” rating restated by equities researchers at Barclays PLC in a note issued to investors on Thursday. They currently have a GBX 1,428 ($18.54) price objective on the stock. Barclays PLC’s price objective points to a potential upside of 23.10% from the company’s current price.
Several other research firms also recently issued reports on IMI. Credit Suisse Group reissued an “outperform” rating on shares of IMI plc in a research report on Friday, July 21st. J P Morgan Chase & Co upped their target price on IMI plc from GBX 1,120 ($14.54) to GBX 1,200 ($15.58) and gave the company a “neutral” rating in a research report on Friday, May 5th. Jefferies Group LLC increased their price target on IMI plc from GBX 1,275 ($16.55) to GBX 1,300 ($16.88) and gave the stock a “hold” rating in a research report on Wednesday, May 10th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 1,450 ($18.82) price target on shares of IMI plc in a research report on Tuesday, July 18th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 1,460 ($18.95) price target on shares of IMI plc in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. IMI plc presently has a consensus rating of “Hold” and an average price target of GBX 1,235.62 ($16.04).
IMI plc (IMI) traded down 0.17% during trading on Thursday, reaching GBX 1160.00. The company had a trading volume of 276,044 shares. The stock has a 50 day moving average price of GBX 1,219.78 and a 200 day moving average price of GBX 1,233.34. The firm’s market capitalization is GBX 3.15 billion. IMI plc has a 52 week low of GBX 891.50 and a 52 week high of GBX 1,325.00.
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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