Investment analysts at Morgan Stanley upped their target price on shares of IMI (LON: IMI) from $17.80 (1192 GBX) to $18.28 (1224 GBX) in a note issued to investors on Friday. The firm currently has an “equal-weight” rating on the stock.
IMI traded down 0.38% on Friday, hitting GBX 1322.00. IMI has a 1-year low of GBX 763.50 and a 1-year high of GBX 1370.00. The stock’s 50-day moving average is currently GBX 912.6. The company’s market cap is £4.202 billion.
A number of other firms have also recently commented on IMI. Analysts at Societe Generale reiterated a “buy” rating on shares of IMI in a research note to investors on Thursday. They now have a $16.24 price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of IMI in a research note to investors on Thursday. They now have a $18.10 price target on the stock. Finally, analysts at Citigroup raised their price target on shares of IMI from $19.71 to $21.23 in a research note to investors on Wednesday, February 27th. They now have a “buy” rating on the stock.
IMI plc is a holding company. The Company is focused on the precise control and movement of fluids in critical applications.