IMI plc (IMI) Given Average Recommendation of “Hold” by Brokerages

IMI plc (LON:IMI) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,325.91 ($17.98).

Several research firms recently weighed in on IMI. Deutsche Bank upped their price target on shares of IMI from GBX 1,170 ($15.87) to GBX 1,285 ($17.43) and gave the stock a “hold” rating in a research report on Friday, November 10th. Citigroup restated a “neutral” rating and set a GBX 1,360 ($18.44) price target on shares of IMI in a research report on Monday, December 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 1,315 ($17.83) price target on shares of IMI in a research report on Friday, November 10th. Credit Suisse Group reduced their price target on shares of IMI from GBX 1,400 ($18.99) to GBX 1,310 ($17.77) and set an “outperform” rating for the company in a research report on Wednesday, September 20th. Finally, Numis Securities downgraded shares of IMI to a “reduce” rating and set a GBX 1,125 ($15.26) price target for the company. in a research report on Tuesday, December 5th.

IMI (LON:IMI) traded up GBX 43 ($0.58) on Friday, hitting GBX 1,438 ($19.50). 543,048 shares of the company traded hands, compared to its average volume of 537,740. IMI has a 52-week low of GBX 1,053 ($14.28) and a 52-week high of GBX 1,413 ($19.16). The firm has a market cap of $3,790.00 and a P/E ratio of 2,567.86.

COPYRIGHT VIOLATION WARNING: “IMI plc (IMI) Given Average Recommendation of “Hold” by Brokerages” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/12/imi-plc-imi-given-average-recommendation-of-hold-by-brokerages.html.

About IMI

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.

Analyst Recommendations for IMI (LON:IMI)

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.

Leave a Reply