IMI (IMI) Earns Sector Performer Rating from Analysts at Royal Bank of Canada

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 Company Profile

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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