IMI plc (IMI) Rating Reiterated by Societe Generale
IMI plc (LON:IMI)‘s stock had its “hold” rating reiterated by analysts at Societe Generale in a report issued on Friday. They presently have a GBX 1,040 ($12.99) target price on the stock, up from their prior target price of GBX 1,000 ($12.49). Societe Generale’s price target suggests a potential upside of 14.16% from the company’s previous close.
Several other research firms have also recently weighed in on IMI. Credit Suisse Group AG reiterated a “neutral” rating on shares of IMI plc in a report on Friday, October 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 990 ($12.37) price target on shares of IMI plc in a report on Monday, August 22nd. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 1,000 ($12.49) price target on shares of IMI plc in a report on Monday, August 1st. HSBC reiterated a “hold” rating and issued a GBX 1,000 ($12.49) price target on shares of IMI plc in a report on Tuesday, August 16th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 955 ($11.93) price target on shares of IMI plc in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 986.12 ($12.32).
Shares of IMI plc (LON:IMI) opened at 904.2509 on Friday. IMI plc has a 12-month low of GBX 717.00 and a 12-month high of GBX 1,138.00. The stock’s market cap is GBX 2.45 billion. The company’s 50-day moving average is GBX 1,029.53 and its 200-day moving average is GBX 1,019.94.
IMI plc Company Profile
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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