Barclays PLC Reiterates Overweight Rating for IMI plc (IMI)
IMI plc (LON:IMI)‘s stock had its “overweight” rating reiterated by Barclays PLC in a report issued on Tuesday.
A number of other research firms have also recently commented on IMI. BNP Paribas boosted their price target on IMI plc from GBX 1,150 ($14.20) to GBX 1,400 ($17.29) and gave the stock an “outperform” rating in a report on Friday, February 10th. Liberum Capital reissued a “buy” rating and set a GBX 1,460 ($18.03) price target on shares of IMI plc in a report on Tuesday, February 28th. Deutsche Bank AG boosted their price target on IMI plc from GBX 1,064 ($13.14) to GBX 1,170 ($14.45) and gave the stock a “hold” rating in a report on Monday, February 27th. JPMorgan Chase & Co. boosted their price target on IMI plc from GBX 990 ($12.23) to GBX 1,120 ($13.83) and gave the stock a “neutral” rating in a report on Monday, February 27th. Finally, Peel Hunt boosted their price target on IMI plc from GBX 1,100 ($13.59) to GBX 1,200 ($14.82) and gave the stock a “hold” rating in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. IMI plc currently has an average rating of “Hold” and a consensus price target of GBX 1,132.33 ($13.98).
Shares of IMI plc (LON:IMI) opened at 1286.44 on Tuesday. The stock has a 50 day moving average price of GBX 1,234.17 and a 200-day moving average price of GBX 1,086.21. IMI plc has a 52 week low of GBX 891.50 and a 52 week high of GBX 1,298.00. The firm’s market capitalization is GBX 3.48 billion.
The company also recently announced a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, April 6th will be issued a GBX 24.70 ($0.31) dividend. This represents a yield of 2.04%. The ex-dividend date of this dividend is Thursday, April 6th. This is a boost from IMI plc’s previous dividend of $14.00.
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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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