IMI (LON:IMI) was downgraded by Credit Suisse Group to an “underperform” rating in a research note issued to investors on Friday. They presently have a GBX 850 ($11.11) price target on the stock, down from their previous price target of GBX 1,050 ($13.72). Credit Suisse Group’s target price would suggest a potential downside of 5.50% from the company’s current price.

A number of other brokerages have also weighed in on IMI. Jefferies Financial Group reissued a “buy” rating on shares of IMI in a report on Wednesday, September 5th. Liberum Capital lowered shares of IMI to a “sell” rating and lowered their price target for the company from GBX 1,275 ($16.66) to GBX 1,020 ($13.33) in a report on Thursday, September 6th. BNP Paribas lowered shares of IMI to an “underperform” rating and lowered their price target for the company from GBX 1,150 ($15.03) to GBX 1,000 ($13.07) in a report on Tuesday, September 18th. UBS Group reaffirmed a “neutral” rating on shares of IMI in a report on Friday, September 14th. Finally, Peel Hunt reaffirmed an “add” rating on shares of IMI in a report on Thursday, November 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 1,189.64 ($15.54).

Shares of IMI stock opened at GBX 897.50 ($11.73) on Friday. IMI has a 12-month low of GBX 1,093 ($14.28) and a 12-month high of GBX 1,453 ($18.99).

IMI Company Profile

IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company's IMI Critical Engineering division offers critical flow control solutions. It provides anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; actuation systems to operate industrial valves; and turbine by-pass valves for conventional and nuclear power plants.

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Analyst Recommendations for IMI (LON:IMI)

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