A number of other analysts also recently weighed in on IMI. Peel Hunt upped their price target on shares of IMI from GBX 1,200 ($16.15) to GBX 1,250 ($16.82) and gave the stock a hold rating in a report on Thursday, August 31st. Credit Suisse Group cut their price target on shares of IMI from GBX 1,400 ($18.84) to GBX 1,310 ($17.63) and set an outperform rating for the company in a report on Wednesday, September 20th. Jefferies Group reaffirmed a hold rating on shares of IMI in a report on Wednesday, September 27th. reaffirmed a hold rating and set a GBX 1,200 ($16.15) price target on shares of IMI in a report on Friday, September 29th. Finally, Numis Securities reaffirmed a hold rating and set a GBX 1,300 ($17.50) price target on shares of IMI in a report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 1,298.85 ($17.48).
Shares of IMI (LON:IMI) opened at GBX 1,316 ($17.71) on Monday. IMI has a twelve month low of GBX 1,004 ($13.51) and a twelve month high of GBX 1,325 ($17.83).
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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