IMI plc’s (IMI) “Hold” Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG reaffirmed their hold rating on shares of IMI plc (LON:IMI) in a research note issued to investors on Monday. The brokerage currently has a GBX 1,170 ($15.24) price objective on the stock.
Other equities analysts have also recently issued research reports about the company. Liberum Capital reiterated a buy rating and issued a GBX 1,460 ($19.01) target price on shares of IMI plc in a report on Friday, July 28th. Barclays PLC reiterated an overweight rating and issued a GBX 1,400 ($18.23) target price on shares of IMI plc in a report on Monday, July 24th. J P Morgan Chase & Co lifted their target price on IMI plc from GBX 1,200 ($15.63) to GBX 1,315 ($17.12) and gave the stock a neutral rating in a report on Monday, July 31st. Goldman Sachs Group, Inc. (The) reiterated a neutral rating on shares of IMI plc in a report on Friday, July 14th. Finally, Jefferies Group LLC lifted their target price on IMI plc from GBX 1,005 ($13.09) to GBX 1,275 ($16.60) and gave the stock a hold rating in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 1,233.46 ($16.06).
Shares of IMI plc (LON IMI) opened at 1151.00 on Monday. The firm has a 50-day moving average price of GBX 1,230.74 and a 200 day moving average price of GBX 1,232.85. The stock’s market cap is GBX 3.12 billion. IMI plc has a 52 week low of GBX 891.50 and a 52 week high of GBX 1,325.00.
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The firm also recently disclosed a dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 10th will be issued a dividend of GBX 14.20 ($0.18) per share. This represents a yield of 1.17%. The ex-dividend date is Thursday, August 10th.
About IMI plc
IMI plc is a United Kingdom-based specialized engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments.
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