IMI (IMI) Rating Reiterated by Liberum Capital
IMI (LON:IMI)‘s stock had its “buy” rating reissued by Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,460 ($19.65) target price on the stock. Liberum Capital’s price target would suggest a potential upside of 17.65% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Deutsche Bank raised IMI to a “buy” rating and lifted their price target for the stock from GBX 1,285 ($17.29) to GBX 1,475 ($19.85) in a research report on Monday. Peel Hunt lifted their price target on IMI from GBX 1,200 ($16.15) to GBX 1,250 ($16.82) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Numis Securities reaffirmed a “hold” rating and issued a GBX 1,300 ($17.50) price target on shares of IMI in a research report on Friday, September 29th. reaffirmed a “hold” rating and issued a GBX 1,200 ($16.15) price target on shares of IMI in a research report on Friday, September 29th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of IMI in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. IMI presently has a consensus rating of “Hold” and a consensus target price of GBX 1,288.58 ($17.34).
IMI (IMI) traded down GBX 38 ($0.51) on Tuesday, hitting GBX 1,241 ($16.70). The stock had a trading volume of 767,480 shares, compared to its average volume of 626,114. IMI has a 12-month low of GBX 969 ($13.04) and a 12-month high of GBX 1,325 ($17.83).
IMI 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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