IMI PLC (LON:IMI) Rating Reaffirmed
IMI PLC (LON:IMI) just had their share rating of a ‘Hold’ issued by research analysts at Peel Hunt, who now has a GBX 900.00 target price on the 2.56B GBP market cap company or a -3.79% downside potential. This key information was announced in a recent report on Friday morning.
From a total of 20 analysts covering IMI PLC (LON:IMI) stock, 5 rate it a ”Buy”, 3 a “Sell”, and 12 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is GBX 1500 while the lowest target price is GBX 700. The mean of all analyst targets is GBX 1044.58 with a 11.07% above today’s (GBX 940.5) stock price. IMI PLC was the topic of 60 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on November 27 with “Hold” rating. Numis Securities downgraded shares to “Reduce” rating and GBX 800 target share price in a report from a November 13. AlphaValue maintained IMI stock in a recent report from November 18 with “Buy” rating. JP Morgan downgraded the rating on November 13. JP Morgan has a “Neutral” rating and a GBX 930 price target on shares. Finally, Credit Suisse maintained the stock with “Neutral” rating in a report issued on a November 13.
The stock decreased 0.11% or GBX 1 on November 27, striking GBX 940.5. Approximately 286,670 shares of stock traded hands. IMI plc (LON:IMI) has declined 25.12% since May 1, 2015 and is downtrending. It has underperformed by 24.23% the S&P500.
IMI plc is a specialist engineering firm engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. The company has a market cap of 2.56 billion GBP. The Company’s technologies, built around valves and actuators, enable processes to operate well. It has 14.53 P/E ratio. The Firm operates though the following divisions: 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 heating and cooling systems.
According to Zacks Investment Research, “Intermolecular, Inc. provides high productivity combinatorial technology products and services in order to accelerate research and development, innovation and time-to-market for the semiconductor and clean-energy industries. It also develops technology and intellectual property for its customers. The Company’s customers include semiconductor device, semiconductor materials and equipment, and clean-energy companies. Intermolecular, Inc. is headquartered in San Jose, California.” Get a free copy of the Zacks research report on IMI plc (IMI)