Peel Hunt Reiterates “Add” Rating for IMI (IMI)
IMI (LON:IMI)‘s stock had its “add” rating restated by investment analysts at Peel Hunt in a report issued on Monday.
A number of other equities research analysts also recently issued reports on IMI. Morgan Stanley lowered their price objective on IMI from GBX 1,290 ($16.86) to GBX 1,240 ($16.20) and set an “overweight” rating on the stock in a research report on Wednesday, December 5th. Liberum Capital reiterated a “sell” rating on shares of IMI in a research report on Thursday, January 17th. Bank of America lowered their price objective on IMI from GBX 1,100 ($14.37) to GBX 1,000 ($13.07) and set a “neutral” rating on the stock in a research report on Wednesday, January 9th. Credit Suisse Group downgraded IMI to an “underperform” rating and lowered their price objective for the stock from GBX 1,050 ($13.72) to GBX 850 ($11.11) in a research report on Friday, December 7th. Finally, Deutsche Bank lowered their price objective on IMI from GBX 1,475 ($19.27) to GBX 1,185 ($15.48) and set a “buy” rating on the stock in a research report on Friday, November 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,165.67 ($15.23).
Shares of IMI stock opened at GBX 964 ($12.60) on Monday. IMI has a 52-week low of GBX 1,093 ($14.28) and a 52-week high of GBX 1,453 ($18.99).
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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