IMI plc (LON:IMI) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat.com 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 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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