Numis Securities Reaffirms Reduce Rating for IMI (IMI)
IMI (LON:IMI)‘s stock had its “reduce” rating reiterated by stock analysts at Numis Securities in a research note issued on Friday. They presently have a GBX 1,125 ($15.14) price objective on the stock. Numis Securities’ price objective suggests a potential downside of 11.56% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Credit Suisse Group raised their price objective on IMI from GBX 1,310 ($17.63) to GBX 1,340 ($18.03) and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank reissued a “buy” rating and issued a GBX 1,475 ($19.85) price objective on shares of IMI in a research note on Friday. Peel Hunt raised their price objective on IMI from GBX 1,200 ($16.15) to GBX 1,250 ($16.82) and gave the company a “hold” rating in a research note on Thursday, August 31st. Barclays reissued an “overweight” rating and issued a GBX 1,428 ($19.22) price objective on shares of IMI in a research note on Thursday, August 17th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 1,315 ($17.70) price objective on shares of IMI in a research note on Friday, November 10th. Two equities research 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 has an average rating of “Hold” and an average target price of GBX 1,291.08 ($17.38).
Shares of IMI (IMI) opened at GBX 1,272 ($17.12) on Friday. IMI has a one year low of GBX 991 ($13.34) and a one year 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.
Receive News & Ratings for IMI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMI and related companies with MarketBeat.com's FREE daily email newsletter.