IMI plc (LON:IMI) had its price objective cut by equities research analysts at Jefferies Group from GBX 870 ($12.39) to GBX 835 ($11.90) in a research note issued on Tuesday, MarketBeat.Com reports. The brokerage presently has a “hold” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 9.22% from the stock’s current price.

A number of other research firms have also recently commented on IMI. Barclays cut their price objective on IMI plc from GBX 1,380 ($19.66) to GBX 895 ($12.75) and set an “equal weight” rating for the company in a research report on Tuesday, January 5th. Peel Hunt cut their price objective on IMI plc from GBX 1,050 ($14.96) to GBX 900 ($12.82) and set a “hold” rating for the company in a research report on Friday, November 27th. Citigroup Inc. restated a “neutral” rating on shares of IMI plc in a research report on Tuesday, December 1st. Societe Generale restated a “hold” rating and issued a GBX 975 ($13.89) price objective on shares of IMI plc in a research report on Friday, December 4th. Finally, RBC Capital restated an “underperform” rating and issued a GBX 700 ($9.97) price objective on shares of IMI plc in a research report on Friday, December 11th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 972.22 ($13.85).

Shares of IMI plc (LON:IMI) opened at 764.50 on Tuesday. The stock’s market cap is GBX 2.07 billion. IMI plc has a 1-year low of GBX 752.32 and a 1-year high of GBX 1,454.55. The firm has a 50-day moving average price of GBX 838.82 and a 200-day moving average price of GBX 968.22.

IMI plc is a specialist engineering company engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The Company’s technologies, built around valves and actuators, enable processes to operate well. The Company operates though the following segments: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in the design and manufacture of motion and fluid control technologies, and IMI hydronic engineering, which provides technologies that deliver water-based heating and cooling systems. The Company works with industrial customers across a range of growth sectors, including energy, transportation and infrastructure. The Company has manufacturing facilities in approximately 20 countries and operates a global service network.

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