IMI (IMI) Upgraded to “Hold” by Numis Securities
IMI (LON:IMI) was upgraded by stock analysts at Numis Securities to a “hold” rating in a research report issued to clients and investors on Monday. The firm currently has a GBX 1,125 ($15.54) price target on the stock. Numis Securities’ target price suggests a potential downside of 1.49% from the stock’s current price.
A number of other equities research analysts have also weighed in on IMI. JPMorgan Chase & Co. decreased their target price on IMI from GBX 1,315 ($18.17) to GBX 1,275 ($17.62) and set a “neutral” rating for the company in a research report on Monday. Peel Hunt reaffirmed a “hold” rating and set a GBX 1,250 ($17.27) target price on shares of IMI in a research report on Friday. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,460 ($20.17) target price on shares of IMI in a research report on Friday. Jefferies Group reaffirmed a “hold” rating and set a GBX 1,375 ($19.00) target price on shares of IMI in a research report on Thursday, February 22nd. Finally, Deutsche Bank raised IMI to a “buy” rating and lifted their target price for the company from GBX 1,285 ($17.75) to GBX 1,475 ($20.38) in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,326.67 ($18.33).
Shares of IMI (IMI) opened at GBX 1,142 ($15.78) on Monday. The firm has a market capitalization of $3,110.00 and a price-to-earnings ratio of 2,154.72. IMI has a 1 year low of GBX 1,107 ($15.29) and a 1 year high of GBX 1,453 ($20.07).
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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