IMI plc (LON:IMI)‘s stock had its “neutral” rating reissued by research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday.
A number of other equities analysts also recently commented on the stock. Jefferies Group increased their price objective on shares of IMI plc from GBX 955 ($11.82) to GBX 1,090 ($13.49) and gave the stock a “hold” rating in a research note on Wednesday, August 31st. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 990 ($12.25) price objective on shares of IMI plc in a research note on Monday, August 22nd. HSBC restated a “hold” rating and set a GBX 1,000 ($12.38) price objective on shares of IMI plc in a research note on Tuesday, August 16th. Numis Securities Ltd restated a “hold” rating and set a GBX 1,000 ($12.38) price objective on shares of IMI plc in a research note on Friday, August 12th. Finally, Morgan Stanley increased their price objective on shares of IMI plc from GBX 970 ($12.00) to GBX 1,080 ($13.37) and gave the stock an “equal weight” rating in a research note on Friday, August 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 957.65 ($11.85).
Shares of IMI plc (LON:IMI) opened at 1101.331787 on Friday. The company’s market capitalization is GBX 2.98 billion. The stock has a 50 day moving average price of GBX 1,079.72 and a 200 day moving average price of GBX 1,010.52. IMI plc has a 1-year low of GBX 717.00 and a 1-year high of GBX 1,138.00.
The company also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Thursday, August 11th were paid a GBX 14 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a yield of 1.31%.
IMI plc Company Profile
IMI plc is a United Kingdom-based specialist engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.
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