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

IMI plc (LON:IMI) has been given an average rating of “Hold” by the twelve research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,307.22 ($17.59).

Several analysts have issued reports on the company. Numis Securities reissued a “reduce” rating and issued a GBX 1,125 ($15.14) price target on shares of IMI in a research note on Friday. Deutsche Bank reissued a “buy” rating and issued a GBX 1,475 ($19.85) price target on shares of IMI in a research note on Friday. Credit Suisse Group lifted their price target 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. Liberum Capital reissued a “buy” rating and issued a GBX 1,460 ($19.65) price target on shares of IMI in a research note on Tuesday, December 5th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 1,315 ($17.70) price target on shares of IMI in a research note on Friday, November 10th.

Shares of IMI (IMI) traded up GBX 14 ($0.19) during midday trading on Monday, reaching GBX 1,281 ($17.24). 227,060 shares of the company were exchanged, compared to its average volume of 627,440. IMI has a one year low of GBX 1,004 ($13.51) and a one year high of GBX 1,325 ($17.83).

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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.

Analyst Recommendations for IMI (LON:IMI)

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