Numis Securities Downgrades IMI (IMI) to Reduce
IMI (LON:IMI) was downgraded by Numis Securities to a “reduce” rating in a research report issued on Tuesday. They currently have a GBX 1,125 ($15.14) target price on the stock. Numis Securities’ target price points to a potential downside of 10.00% from the stock’s previous close.
A number of other research firms also recently issued reports on IMI. Liberum Capital reiterated a “buy” rating and issued a GBX 1,460 ($19.65) price objective on shares of IMI in a report on Tuesday. Deutsche Bank upgraded shares of IMI to a “buy” rating and lifted their price objective for the company from GBX 1,285 ($17.29) to GBX 1,475 ($19.85) in a report on Monday. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 1,315 ($17.70) price objective on shares of IMI in a report on Friday, November 10th. Barclays reiterated an “overweight” rating on shares of IMI in a report on Friday, November 10th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of IMI in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,288.58 ($17.34).
Shares of IMI (LON IMI) opened at GBX 1,250 ($16.82) on Tuesday. IMI has a fifty-two week low of GBX 969 ($13.04) and a fifty-two week high of GBX 1,325 ($17.83).
ILLEGAL ACTIVITY WARNING: “Numis Securities Downgrades IMI (IMI) to Reduce” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/05/numis-securities-downgrades-imi-imi-to-reduce.html.
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.