IMI’s (IMI) “Neutral” Rating Reiterated at Citigroup

Citigroup reaffirmed their neutral rating on shares of IMI (LON:IMI) in a research report released on Monday, December 18th. Citigroup currently has a GBX 1,360 ($18.44) target price on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Deutsche Bank reiterated a buy rating and set a GBX 1,475 ($20.00) price target on shares of IMI in a research report on Friday, December 15th. Barclays reiterated an overweight rating on shares of IMI in a research report on Friday, November 10th. Credit Suisse Group restated an outperform rating on shares of IMI in a report on Friday, October 13th. Numis Securities cut shares of IMI to a reduce rating and set a GBX 1,125 ($15.26) price objective for the company. in a report on Tuesday, December 5th. Finally, Liberum Capital restated a buy rating and issued a GBX 1,460 ($19.80) price objective on shares of IMI in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 1,298.85 ($17.61).

Shares of IMI (IMI) traded down GBX 10 ($0.14) on Monday, hitting GBX 1,395 ($18.92). 628,460 shares of the company’s stock were exchanged, compared to its average volume of 537,740. IMI has a 1-year low of GBX 1,053 ($14.28) and a 1-year high of GBX 1,413 ($19.16). The firm has a market capitalization of $3,790.00 and a PE ratio of 2,491.07.

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IMI Company Profile

IMI plc is a United Kingdom-based specialized engineering company. The Company is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments.

Analyst Recommendations for IMI (LON:IMI)

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