IMI (IMI) Raised to Buy at Deutsche Bank
IMI (LON:IMI) was upgraded by investment analysts at Deutsche Bank to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a GBX 1,475 ($19.75) price objective on the stock, up from their previous price objective of GBX 1,285 ($17.21). Deutsche Bank’s price objective would suggest a potential upside of 15.87% from the company’s current price.
IMI has been the subject of several other research reports. Barclays reissued an “overweight” rating and set a GBX 1,428 ($19.12) price target on shares of IMI in a report on Thursday, August 17th. Credit Suisse Group reissued an “outperform” rating on shares of IMI in a report on Friday, October 13th. Liberum Capital reissued a “buy” rating and set a GBX 1,460 ($19.55) price target on shares of IMI in a report on Thursday, November 9th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 1,315 ($17.61) price target on shares of IMI in a report on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating on shares of IMI in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,303.17 ($17.45).
IMI (LON:IMI) opened at GBX 1,273 ($17.05) on Monday. IMI has a 1-year low of GBX 969 ($12.98) and a 1-year high of GBX 1,325 ($17.74).
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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