IMI plc (IMI) Rating Reiterated by Barclays PLC
IMI plc (LON:IMI)‘s stock had its “overweight” rating reiterated by research analysts at Barclays PLC in a research note issued on Friday. They presently have a GBX 1,190 ($14.87) price target on the stock. Barclays PLC’s price objective indicates a potential upside of 30.63% from the company’s previous close.
IMI has been the subject of several other reports. Jefferies Group reaffirmed a “hold” rating and set a GBX 955 ($11.93) price objective on shares of IMI plc in a report on Monday, August 1st. BNP Paribas reaffirmed a “neutral” rating and set a GBX 1,000 ($12.49) price objective on shares of IMI plc in a report on Tuesday, August 2nd. Credit Suisse Group AG reaffirmed a “neutral” rating and set a GBX 1,020 ($12.74) price objective on shares of IMI plc in a report on Friday, October 28th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 1,000 ($12.49) price objective on shares of IMI plc in a report on Friday, August 12th. Finally, Morgan Stanley upped their price objective on shares of IMI plc from GBX 970 ($12.12) to GBX 1,080 ($13.49) and gave the stock an “equal weight” rating in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company’s stock. IMI plc presently has a consensus rating of “Hold” and a consensus price target of GBX 986.12 ($12.32).
IMI plc (LON:IMI) opened at 911.00 on Friday. The stock has a 50 day moving average of GBX 1,029.53 and a 200 day moving average of GBX 1,019.94. The firm’s market capitalization is GBX 2.47 billion. IMI plc has a 12-month low of GBX 717.00 and a 12-month high of GBX 1,138.00.
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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