IMI plc (IMI) Given Neutral Rating at Credit Suisse Group AG
A number of other brokerages have also weighed in on IMI. Jefferies Group raised their target price on shares of IMI plc from GBX 955 ($12.47) to GBX 1,090 ($14.23) and gave the company a hold rating in a research report on Wednesday, August 31st. HSBC restated a hold rating and issued a GBX 1,000 ($13.05) target price on shares of IMI plc in a research report on Tuesday, August 16th. Numis Securities Ltd restated a hold rating and issued a GBX 1,000 ($13.05) target price on shares of IMI plc in a research report on Monday, August 1st. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 880 ($11.49) target price on shares of IMI plc in a research report on Monday, June 27th. Finally, Societe Generale reiterated a hold rating and set a GBX 1,000 ($13.05) price target on shares of IMI plc in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. IMI plc presently has an average rating of Hold and a consensus price target of GBX 957.65 ($12.50).
IMI plc (LON:IMI) traded down 0.47% during mid-day trading on Friday, hitting GBX 1104.80. 721,943 shares of the company were exchanged. The company’s market capitalization is GBX 2.99 billion. IMI plc has a 12-month low of GBX 717.00 and a 12-month high of GBX 1,138.00. The company’s 50-day moving average is GBX 1,080.00 and its 200 day moving average is GBX 1,008.27.
The firm also recently disclosed 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. This represents a dividend yield of 1.31%. The ex-dividend date was Thursday, August 11th.
About IMI plc
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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