IMI (OTCMKTS:IMIAY – Get Free Report) had its price objective upped by investment analysts at Barclays from GBX 1,750 ($22.36) to GBX 1,960 ($25.05) in a note issued to investors on Tuesday, FlyOnTheWall reports.
Other research analysts have also issued research reports about the company. Stifel Nicolaus raised IMI from a “hold” rating to a “buy” rating in a research report on Friday, May 5th. HSBC raised IMI from a “hold” rating to a “buy” rating in a research report on Friday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on IMI from GBX 1,900 ($24.28) to GBX 1,920 ($24.54) in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, IMI presently has an average rating of “Hold” and an average target price of $1,722.00.
Check Out Our Latest Research Report on IMI
IMI Price Performance
IMI Company Profile
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.
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