IMI plc (IMI) Receives Overweight Rating from Barclays PLC
IMI plc (LON:IMI)‘s stock had its “overweight” rating reissued by equities researchers at Barclays PLC in a report issued on Monday. They presently have a GBX 1,400 ($18.28) price objective on the stock. Barclays PLC’s target price points to a potential upside of 7.78% from the stock’s current price.
IMI has been the subject of a number of other research reports. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of IMI plc in a research report on Tuesday, April 18th. Credit Suisse Group reiterated an “outperform” rating on shares of IMI plc in a research report on Friday. BNP Paribas reiterated an “outperform” rating and set a GBX 1,450 ($18.93) price objective on shares of IMI plc in a research report on Tuesday, July 18th. J P Morgan Chase & Co increased their price objective on IMI plc from GBX 1,120 ($14.63) to GBX 1,200 ($15.67) and gave the company a “neutral” rating in a research report on Friday, May 5th. Finally, HSBC Holdings plc reiterated a “hold” rating and set a GBX 1,150 ($15.02) price objective on shares of IMI plc in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,214.29 ($15.86).
IMI plc (IMI) opened at 1277.00 on Monday. The stock’s market cap is GBX 3.46 billion. The firm’s 50-day moving average price is GBX 1,238.71 and its 200 day moving average price is GBX 1,217.22. IMI plc has a 52-week low of GBX 891.50 and a 52-week high of GBX 1,317.00.
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IMI plc 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.
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