IMI (IMI) Stock Rating Reaffirmed by UBS Group

UBS Group reissued their neutral rating on shares of IMI (LON:IMI) in a research report sent to investors on Friday, investing.thisismoney.co.uk reports. They currently have a GBX 1,050 ($13.72) target price on the stock, down from their prior target price of GBX 1,150 ($15.03).

A number of other equities research analysts also recently issued reports on IMI. Liberum Capital downgraded shares of IMI to a sell rating in a report on Thursday. HSBC upgraded shares of IMI to a buy rating and boosted their target price for the company from GBX 1,200 ($15.68) to GBX 1,350 ($17.64) in a report on Friday, July 13th. Peel Hunt restated an add rating on shares of IMI in a report on Thursday. Numis Securities reiterated an add rating and set a GBX 1,400 ($18.29) price objective on shares of IMI in a research note on Wednesday, August 1st. Finally, Deutsche Bank reiterated a buy rating on shares of IMI in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 1,247.31 ($16.30).

IMI stock traded down GBX 38.50 ($0.50) during trading on Friday, reaching GBX 942 ($12.31). The company had a trading volume of 1,871,645 shares, compared to its average volume of 997,118. IMI has a 12-month low of GBX 1,093 ($14.28) and a 12-month high of GBX 1,453 ($18.99).

About IMI

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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