IMI plc (IMI) Rating Reiterated by JPMorgan Chase & Co.
IMI plc (LON:IMI)‘s stock had its “neutral” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued on Friday. They currently have a GBX 990 ($12.37) target price on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 8.67% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Jefferies Group reissued a “hold” rating and issued a GBX 955 ($11.93) price target on shares of IMI plc in a research note on Monday, August 1st. BNP Paribas restated a “neutral” rating and issued a GBX 1,000 ($12.49) price objective on shares of IMI plc in a report on Tuesday, August 2nd. Barclays PLC restated an “equal weight” rating and issued a GBX 895 ($11.18) price objective on shares of IMI plc in a report on Monday, August 1st. Deutsche Bank AG restated a “hold” rating and issued a GBX 1,064 ($13.29) price objective on shares of IMI plc in a report on Friday. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a GBX 1,020 ($12.74) price objective on shares of IMI plc in a report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. The stock presently 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 904.2509 on Friday. The firm’s market capitalization is GBX 2.45 billion. The firm has a 50-day moving average of GBX 1,029.53 and a 200-day moving average of GBX 1,019.94. 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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