IMI (LON:IMI) had its target price reduced by Peel Hunt from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) in a research note issued on Thursday. The brokerage currently has an “add” rating on the stock. Peel Hunt’s price target indicates a potential upside of 14.17% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Credit Suisse Group downgraded shares of IMI to a “neutral” rating and cut their target price for the company from GBX 1,340 ($17.51) to GBX 1,250 ($16.33) in a research note on Friday, October 5th. BNP Paribas downgraded shares of IMI to an “underperform” rating and cut their target price for the company from GBX 1,150 ($15.03) to GBX 1,000 ($13.07) in a research note on Tuesday, September 18th. UBS Group reiterated a “neutral” rating on shares of IMI in a research note on Friday, September 14th. Liberum Capital downgraded shares of IMI to a “sell” rating in a research note on Thursday, November 8th. Finally, Morgan Stanley cut their target price on shares of IMI from GBX 1,290 ($16.86) to GBX 1,240 ($16.20) and set an “overweight” rating for the company in a research note on Wednesday, December 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,167 ($15.25).
IMI stock opened at GBX 963.50 ($12.59) on Thursday. IMI has a one year low of GBX 1,093 ($14.28) and a one year 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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