UBS Group reiterated their neutral rating on shares of IMI (LON:IMI) in a report released on Friday morning, investing.thisismoney.co.uk reports. UBS Group currently has a GBX 1,050 ($13.72) target price on the stock, down from their previous target price of GBX 1,150 ($15.03).
Other analysts have also recently issued research reports about the stock. Peel Hunt reiterated an add rating on shares of IMI in a research note on Thursday. Numis Securities reiterated an add rating and issued a GBX 1,400 ($18.29) price objective on shares of IMI in a research note on Wednesday, August 1st. HSBC upgraded shares of IMI to a buy rating and raised their price objective for the company from GBX 1,200 ($15.68) to GBX 1,350 ($17.64) in a research note on Friday, July 13th. Jefferies Financial Group restated a buy rating on shares of IMI in a research report on Wednesday, September 5th. Finally, Deutsche Bank restated a buy rating on shares of IMI in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. IMI currently has an average rating of Hold and a consensus target price of GBX 1,247.31 ($16.30).
Shares of LON IMI traded down GBX 38.50 ($0.50) during midday trading on Friday, hitting GBX 942 ($12.31). The company had a trading volume of 1,871,645 shares, compared to its average volume of 997,118. IMI has a twelve month low of GBX 1,093 ($14.28) and a twelve month high of GBX 1,453 ($18.99).
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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