IMI plc’s (IMI) Neutral Rating Reaffirmed at Credit Suisse Group AG
IMI plc (LON:IMI)‘s stock had its “neutral” rating reissued by investment analysts at Credit Suisse Group AG in a report released on Friday.
Other equities research analysts have also recently issued reports about the company. Jefferies Group restated a “hold” rating and set a GBX 955 ($12.47) target price on shares of IMI plc in a research report on Monday, August 1st. BNP Paribas restated a “neutral” rating and set a GBX 1,000 ($13.05) target price on shares of IMI plc in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 850 ($11.10) target price on shares of IMI plc in a research report on Monday, June 13th. Barclays PLC restated an “equal weight” rating and set a GBX 895 ($11.68) target price on shares of IMI plc in a research report on Monday, August 1st. Finally, Numis Securities Ltd restated a “hold” rating and set a GBX 1,000 ($13.05) target price on shares of IMI plc in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 957.65 ($12.50).
IMI plc (LON:IMI) traded down 0.63% on Friday, hitting GBX 1110.00. The stock had a trading volume of 645,942 shares. The firm’s 50 day moving average price is GBX 1,080.00 and its 200-day moving average price is GBX 1,008.27. The stock’s market cap is GBX 3.01 billion. IMI plc has a 12 month low of GBX 717.00 and a 12 month high of GBX 1,138.00.
The company also recently declared a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 11th were issued a dividend of GBX 14 ($0.18) per share. The ex-dividend date was Thursday, August 11th. This represents a dividend yield of 1.31%.
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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