Credit Suisse Group AG began coverage on shares of IMI plc (LON:IMI) in a research note released on Tuesday. The brokerage issued a neutral rating and a GBX 1,020 ($13.31) price target on the stock.

Analyst Recommendations for IMI plc (LON:IMI)

Several other brokerages have also recently issued reports on IMI. JPMorgan Chase & Co. restated a neutral rating and set a GBX 990 ($12.92) price objective on shares of IMI plc in a research note on Monday, August 22nd. Numis Securities Ltd restated a hold rating and set a GBX 1,000 ($13.05) price objective on shares of IMI plc in a research note on Monday, August 1st. Societe Generale restated a hold rating and set a GBX 1,000 ($13.05) price objective on shares of IMI plc in a research note on Monday, August 1st. HSBC restated a hold rating and set a GBX 1,000 ($13.05) price objective on shares of IMI plc in a research note on Tuesday, August 16th. Finally, Jefferies Group restated a hold rating and set a GBX 955 ($12.47) price objective on shares of IMI plc in a research note on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 957.65 ($12.50).

Shares of IMI plc (LON:IMI) opened at 1085.00 on Tuesday. IMI plc has a 52-week low of GBX 717.00 and a 52-week high of GBX 1,111.00. The firm’s market cap is GBX 2.94 billion. The firm has a 50-day moving average price of GBX 1,070.16 and a 200-day moving average price of GBX 995.98.

The business also recently disclosed a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 11th were paid a dividend of GBX 14 ($0.18) per share. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, August 11th.

IMI plc Company Profile

IMI plc is a United Kingdom-based specialist engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.

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