IMI plc (IMI) Receives GBX 1,248.64 Average Price Target from Analysts
IMI plc (LON:IMI) has earned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 1,251.18 ($16.24).
A number of equities analysts recently weighed in on IMI shares. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,460 ($18.95) price target on shares of IMI plc in a report on Friday, July 28th. Jefferies Group LLC upped their price target on IMI plc from GBX 1,275 ($16.55) to GBX 1,300 ($16.88) and gave the stock a “hold” rating in a report on Wednesday, May 10th. Deutsche Bank AG reaffirmed a “hold” rating on shares of IMI plc in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of IMI plc in a report on Friday, July 14th. Finally, J P Morgan Chase & Co upped their price target on IMI plc from GBX 1,200 ($15.58) to GBX 1,315 ($17.07) and gave the stock a “neutral” rating in a report on Monday, July 31st.
IMI plc (LON:IMI) traded down 0.17% on Tuesday, hitting GBX 1160.00. The stock had a trading volume of 276,044 shares. IMI plc has a 52-week low of GBX 891.50 and a 52-week high of GBX 1,325.00. The company has a 50 day moving average price of GBX 1,219.78 and a 200-day moving average price of GBX 1,233.34. The company’s market cap is GBX 3.15 billion.
The company also recently announced a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 14.20 ($0.18) per share. The ex-dividend date is Thursday, August 10th. This represents a dividend yield of 1.17%.
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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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