IMI plc (IMI) Rating Increased to Outperform at BNP Paribas
IMI plc (LON:IMI) was upgraded by analysts at BNP Paribas to an “outperform” rating in a research note issued on Thursday. The firm currently has a GBX 1,150 ($14.37) price target on the stock, up from their prior price target of GBX 1,100 ($13.74). BNP Paribas’ target price would indicate a potential upside of 22.60% from the company’s current price.
Several other analysts have also recently issued reports on IMI. Jefferies Group reaffirmed a “hold” rating and issued a GBX 955 ($11.93) price target on shares of IMI plc in a report on Monday, August 1st. Societe Generale reaffirmed 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. JPMorgan Chase & Co. boosted their target price on shares of IMI plc from GBX 880 ($10.99) to GBX 990 ($12.37) and gave the company a “neutral” rating in a research note on Monday, August 1st. Barclays PLC reiterated an “equal weight” rating and set a GBX 895 ($11.18) target price on shares of IMI plc in a research note on Monday, August 1st. Finally, Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 1,020 ($12.74) target price on shares of IMI plc in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 994.94 ($12.43).
IMI plc (LON:IMI) opened at 938.0000 on Thursday. The firm’s market capitalization is GBX 2.54 billion. The stock has a 50 day moving average of GBX 1,015.97 and a 200 day moving average of GBX 1,018.74. IMI plc has a one year low of GBX 717.00 and a one year high of GBX 1,138.00.
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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