IMI (LON:IMI) was downgraded by equities research analysts at Liberum Capital to a “sell” rating in a research report issued to clients and investors on Thursday.
Several other research analysts have also recently commented on IMI. HSBC upgraded shares of IMI to a “buy” rating and upped their target price for the stock from GBX 1,200 ($15.68) to GBX 1,350 ($17.64) in a research report on Friday, July 13th. Peel Hunt reaffirmed an “add” rating on shares of IMI in a research note on Tuesday, July 31st. Numis Securities reaffirmed an “add” rating and issued a GBX 1,400 ($18.29) price target on shares of IMI in a research note on Wednesday, August 1st. Deutsche Bank reaffirmed a “buy” rating on shares of IMI in a research note on Thursday, August 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of IMI in a research note on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,247.31 ($16.30).
LON IMI opened at GBX 942 ($12.31) on Thursday. IMI has a 52 week low of GBX 1,093 ($14.28) and a 52 week 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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