Royal Bank of Canada initiated coverage on shares of IMI (LON:IMI) in a research note issued to investors on Tuesday morning. The brokerage issued a sector performer rating and a GBX 1,010 ($13.20) price objective on the stock.
IMI has been the subject of several other research reports. Deutsche Bank reduced their price target on shares of IMI from GBX 1,475 ($19.27) to GBX 1,185 ($15.48) and set a buy rating for the company in a research report on Friday, November 9th. UBS Group restated a neutral rating and issued a GBX 1,050 ($13.72) price target (down previously from GBX 1,150 ($15.03)) on shares of IMI in a research report on Friday, November 9th. Peel Hunt restated an add rating on shares of IMI in a research report on Thursday, November 8th. Liberum Capital downgraded shares of IMI to a sell rating in a research report on Thursday, November 8th. Finally, Credit Suisse Group downgraded shares of IMI to a neutral rating and reduced their price target for the company from GBX 1,340 ($17.51) to GBX 1,250 ($16.33) in a research report on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 1,230.36 ($16.08).
IMI stock opened at GBX 949.50 ($12.41) on Tuesday. 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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