IMI’s (IMI) Neutral Rating Reaffirmed at UBS Group

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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 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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