IMI plc (IMI) Given Average Recommendation of “Hold” by Brokerages

IMI plc (LON:IMI) has earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,276.30 ($16.84).

A number of research analysts recently issued reports on IMI shares. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,460 ($19.27) price target on shares of IMI plc in a report on Friday, July 28th. Peel Hunt lifted their price target on IMI plc from GBX 1,200 ($15.84) to GBX 1,250 ($16.50) and gave the company a “hold” rating in a report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “hold” rating on shares of IMI plc in a report on Wednesday, September 27th. Deutsche Bank AG reaffirmed a “hold” rating on shares of IMI plc in a report on Monday, July 10th. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 1,200 ($15.84) price target on shares of IMI plc in a report on Friday, September 29th.

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Shares of IMI plc (LON:IMI) traded up 0.32% during trading on Friday, reaching GBX 1246.00. 534,051 shares of the company were exchanged. IMI plc has a 52-week low of GBX 891.50 and a 52-week high of GBX 1,325.00. The stock has a 50-day moving average of GBX 1,200.81 and a 200 day moving average of GBX 1,218.50. The stock’s market capitalization is GBX 3.38 billion.

About IMI plc

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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