IMI (IMI) Earns Reduce Rating from Numis Securities
IMI (LON:IMI)‘s stock had its “reduce” rating reiterated by investment analysts at Numis Securities in a note issued to investors on Wednesday. They presently have a GBX 1,125 ($15.54) target price on the stock. Numis Securities’ price objective would indicate a potential downside of 8.91% from the company’s previous close.
Other analysts have also issued reports about the stock. Deutsche Bank increased their price target on shares of IMI from GBX 1,170 ($16.16) to GBX 1,285 ($17.75) and gave the company a “hold” rating in a research report on Friday, November 10th. Citigroup reiterated a “neutral” rating and issued a GBX 1,360 ($18.79) price target on shares of IMI in a research report on Monday, December 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 1,315 ($18.17) price target on shares of IMI in a research report on Friday, November 10th. Barclays reiterated an “overweight” rating on shares of IMI in a research report on Friday, November 10th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 1,460 ($20.17) price objective on shares of IMI in a research note on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,323.75 ($18.29).
Shares of IMI (IMI) opened at GBX 1,235 ($17.06) on Wednesday. The company has a market cap of $3,350.00 and a P/E ratio of 2,205.36. IMI has a 1 year low of GBX 1,111 ($15.35) and a 1 year high of GBX 1,453 ($20.07).
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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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