IMI (LON:IMI) had its target price cut by stock analysts at Morgan Stanley from GBX 1,290 ($16.86) to GBX 1,240 ($16.20) in a report issued on Wednesday. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 35.89% from the stock’s previous close.

A number of other analysts also recently weighed in on IMI. Jefferies Financial Group reiterated a “buy” rating on shares of IMI in a research report on Wednesday, September 5th. Liberum Capital downgraded IMI to a “sell” rating and cut their target price for the company from GBX 1,275 ($16.66) to GBX 1,020 ($13.33) in a research report on Thursday, September 6th. UBS Group reiterated a “neutral” rating on shares of IMI in a research report on Friday, September 14th. BNP Paribas downgraded IMI to an “underperform” rating and cut their target price for the company from GBX 1,150 ($15.03) to GBX 1,000 ($13.07) in a research report on Tuesday, September 18th. Finally, Credit Suisse Group downgraded IMI to a “neutral” rating and dropped their price objective for the stock from GBX 1,340 ($17.51) to GBX 1,250 ($16.33) in a research report on Friday, October 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 1,218.21 ($15.92).

LON:IMI opened at GBX 912.50 ($11.92) on Wednesday. IMI has a fifty-two week low of GBX 1,093 ($14.28) and a fifty-two week high of GBX 1,453 ($18.99).

IMI Company Profile

IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company's IMI Critical Engineering division offers critical flow control solutions. It provides anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; actuation systems to operate industrial valves; and turbine by-pass valves for conventional and nuclear power plants.

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Analyst Recommendations for IMI (LON:IMI)

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