Barclays Capital increased their price target on shares of IMI (LON: IMI) from $15.98 (1070 GBX) to $19.71 (1320 GBX) in a research note issued on Friday. The firm currently has an “overweight” rating on the stock.
A number of other analysts have also recently weighed in on IMI. Analysts at Morgan Stanley raised their price target on shares of IMI from $17.92 to $18.40 in a research note to investors on Friday. They now have an “equal-weight” rating on the stock. Separately, 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. Finally, 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.
Shares of IMI traded down 0.38% during mid-day trading on Friday, hitting GBX 1322.00. IMI has a 52 week low of GBX 763.50 and a 52 week 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.
IMI plc is a holding company. The Company is focused on the precise control and movement of fluids in critical applications.