IMI plc (IMI) Price Target Increased to GBX 1,300 by Analysts at Credit Suisse Group AG
IMI plc (LON:IMI) had its price target lifted by equities research analysts at Credit Suisse Group AG from GBX 1,220 ($15.36) to GBX 1,300 ($16.36) in a research note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 6.73% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. HSBC Holdings plc reissued a “hold” rating and issued a GBX 1,000 ($12.59) price objective on shares of IMI plc in a report on Monday, December 5th. Liberum Capital began coverage on shares of IMI plc in a report on Wednesday, February 22nd. They issued a “buy” rating and a GBX 1,460 ($18.38) price objective for the company. BNP Paribas upped their price objective on shares of IMI plc from GBX 1,150 ($14.47) to GBX 1,400 ($17.62) and gave the company an “outperform” rating in a report on Friday, February 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 990 ($12.46) target price on shares of IMI plc in a research report on Friday, November 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a GBX 1,190 ($14.98) target price on shares of IMI plc in a research report on Friday, November 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,166.79 ($14.69).
IMI plc (LON:IMI) traded up 0.74% during mid-day trading on Monday, hitting GBX 1218.00. 943,951 shares of the stock were exchanged. The company has a 50-day moving average of GBX 1,235.47 and a 200-day moving average of GBX 1,108.00. The stock’s market capitalization is GBX 3.30 billion. IMI plc has a 52 week low of GBX 891.50 and a 52 week high of GBX 1,298.00.
The firm also recently declared a dividend, which will be paid on Friday, May 19th. Stockholders of record on Thursday, April 6th will be given a dividend of GBX 24.70 ($0.31) per share. This represents a dividend yield of 2.04%. The ex-dividend date is Thursday, April 6th. This is a boost from IMI plc’s previous dividend of $14.00.
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About IMI plc
IMI plc is a United Kingdom-based specialist engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.
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