IMI (LON:IMI) had its target price trimmed by Morgan Stanley from GBX 1,260 ($17.41) to GBX 1,250 ($17.27) in a research note published on Tuesday. The brokerage currently has an equal weight rating on the stock.
Other equities research analysts have also issued research reports about the stock. Deutsche Bank upped their price objective 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 report on Friday, November 10th. Numis Securities reissued a reduce rating and issued a GBX 1,125 ($15.54) price objective on shares of IMI in a report on Wednesday, February 14th. Citigroup reissued a neutral rating and issued a GBX 1,360 ($18.79) price objective on shares of IMI in a report on Monday, December 18th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 1,315 ($18.17) price objective on shares of IMI in a report on Friday, November 10th. Finally, Jefferies Group reissued a hold rating and issued a GBX 1,375 ($19.00) price objective on shares of IMI in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 1,320.77 ($18.25).
Shares of IMI (LON IMI) opened at GBX 1,141 ($15.76) on Tuesday. IMI has a 1-year low of GBX 1,093 ($15.10) and a 1-year high of GBX 1,453 ($20.07). The stock has a market cap of $3,100.00 and a PE ratio of 2,152.83.
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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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