IMI (LON:IMI) had its price objective decreased by equities researchers at Citigroup from GBX 1,360 ($18.79) to GBX 1,260 ($17.41) in a research report issued on Monday. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 12.70% from the company’s previous close.
Other analysts have also issued reports about the stock. Liberum Capital reissued a “buy” rating and set a GBX 1,460 ($20.17) target price on shares of IMI in a research note on Friday, March 2nd. Peel Hunt reissued a “hold” rating and set a GBX 1,250 ($17.27) target price on shares of IMI in a research note on Friday, March 2nd. Numis Securities raised shares of IMI to a “hold” rating and set a GBX 1,125 ($15.54) target price for the company in a research note on Monday, March 5th. Deutsche Bank raised shares of IMI to a “buy” rating and boosted their target price for the company from GBX 1,285 ($17.75) to GBX 1,475 ($20.38) in a research note on Monday, December 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 1,315 ($18.17) target price on shares of IMI in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,313.08 ($18.14).
IMI (LON IMI) traded down GBX 23 ($0.32) during midday trading on Monday, reaching GBX 1,118 ($15.45). 852,068 shares of the company’s stock traded hands, compared to its average volume of 905,607. The stock has a market capitalization of $3,040.00 and a price-to-earnings ratio of 2,109.43. IMI has a 52 week low of GBX 1,093 ($15.10) and a 52 week high of GBX 1,453 ($20.07).
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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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