IMI Stock Rating Reaffirmed as 'Sector Perform' by Royal Bank Of Canada

IMI's (LON:IMI) stock rating has been reaffirmed by Royal Bank Of Canada as 'sector perform'. The investment analysts from Royal Bank Of Canada issued a research note to investors on Friday, London Stock Exchange reports. They currently have a target price of GBX 2,850 for the company.

The potential downside from the current price is approximately 2.93% according to Royal Bank Of Canada's price objective. IMI has received positive ratings from other analysts as well, with Deutsche Bank Aktiengesellschaft reaffirming their 'buy' rating and setting a GBX 3,250 price target.

Additionally, JPMorgan Chase & Co. upped their target price on IMI from GBX 3,050 to GBX 3,300 and gave the stock an 'overweight' rating in a report on July 8th. Five investment analysts have rated the company with a 'buy' rating and one analyst has issued a 'hold' rating.