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).
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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