Deutsche Bank AG Reiterates “Hold” Rating for IMI plc (IMI)
IMI plc (LON:IMI)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank AG in a report released on Friday. They currently have a GBX 1,064 ($13.29) price objective on the stock. Deutsche Bank AG’s price target indicates a potential upside of 16.79% from the company’s previous close.
IMI has been the subject of several other reports. Barclays PLC reissued an “overweight” rating and issued a GBX 1,190 ($14.87) price objective on shares of IMI plc in a report on Friday. JPMorgan Chase & Co. increased their price objective on IMI plc from GBX 880 ($10.99) to GBX 990 ($12.37) and gave the company a “neutral” rating in a report on Monday, August 1st. Credit Suisse Group AG assumed coverage on IMI plc in a report on Tuesday, September 20th. They issued a “neutral” rating and a GBX 1,020 ($12.74) price objective for the company. Numis Securities Ltd reissued a “hold” rating and issued a GBX 1,000 ($12.49) price objective on shares of IMI plc in a report on Friday, August 12th. Finally, BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,000 ($12.49) price target on shares of IMI plc in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company. IMI plc has an average rating of “Hold” and an average target price of GBX 986.12 ($12.32).
Shares of IMI plc (LON:IMI) opened at 906.50 on Friday. IMI plc has a 52 week low of GBX 717.00 and a 52 week high of GBX 1,138.00. The firm’s market cap is GBX 2.46 billion. The firm’s 50-day moving average is GBX 1,029.53 and its 200 day moving average is GBX 1,019.94.
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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