Peel Hunt Boosts IMI plc (IMI) Price Target to GBX 1,250

IMI plc (LON:IMI) had its price target upped by Peel Hunt from GBX 1,200 ($15.52) to GBX 1,250 ($16.17) in a research note issued to investors on Thursday. Peel Hunt currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on IMI. J P Morgan Chase & Co increased their price objective on IMI plc from GBX 1,120 ($14.49) to GBX 1,200 ($15.52) and gave the stock a neutral rating in a research note on Friday, May 5th. Jefferies Group LLC increased their price objective on IMI plc from GBX 1,275 ($16.49) to GBX 1,300 ($16.81) and gave the stock a hold rating in a research note on Wednesday, May 10th. Deutsche Bank AG reissued a hold rating on shares of IMI plc in a research note on Monday, July 10th. Goldman Sachs Group, Inc. (The) reissued a neutral rating on shares of IMI plc in a research note on Friday, July 14th. Finally, BNP Paribas reissued an outperform rating and issued a GBX 1,450 ($18.75) price objective on shares of IMI plc in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. IMI plc currently has an average rating of Hold and a consensus target price of GBX 1,239.46 ($16.03).

IMI plc (IMI) opened at 1140.00 on Thursday. The stock has a 50 day moving average price of GBX 1,203.27 and a 200-day moving average price of GBX 1,230.21. IMI plc has a 1-year low of GBX 891.50 and a 1-year high of GBX 1,325.00. The stock’s market cap is GBX 3.09 billion.

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The business also recently announced a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 14.20 ($0.18) per share. The ex-dividend date is Thursday, August 10th. This represents a yield of 1.17%.

About IMI plc

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 plc (LON:IMI)

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