IMI plc (IMI) Receives GBX 1,240.91 Average PT from Analysts

IMI plc (LON:IMI) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 1,189.09 ($15.54).

A number of analysts have recently weighed in on the company. Royal Bank of Canada assumed coverage on IMI in a research report on Tuesday, November 20th. They set a “sector performer” rating and a GBX 1,010 ($13.20) price target on the stock. UBS Group reiterated a “neutral” rating and set a GBX 1,050 ($13.72) price target (down from GBX 1,150 ($15.03)) on shares of IMI in a research report on Friday, November 9th. Credit Suisse Group cut IMI to an “underperform” rating and dropped their price target for the stock from GBX 1,050 ($13.72) to GBX 850 ($11.11) in a research report on Friday. Liberum Capital cut IMI to a “sell” rating and dropped their price target for the stock from GBX 1,275 ($16.66) to GBX 1,020 ($13.33) in a research report on Thursday, September 6th. Finally, Deutsche Bank dropped their price target on IMI from GBX 1,475 ($19.27) to GBX 1,185 ($15.48) and set a “buy” rating on the stock in a research report on Friday, November 9th.

LON IMI traded down GBX 22.50 ($0.29) on Monday, hitting GBX 890 ($11.63). 3,110,832 shares of the stock traded hands, 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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