Imi (LON:IMI) Rating Reaffirmed
Imi (LON:IMI) stock Neutral rating has been has reaffirmed by Analysts at Citigroup in a comprehensive report finalized on Tuesday morning.
From a total of 20 analysts covering IMI PLC (LON:IMI) stock, 4 rate it a ”Buy”, 4 a “Sell”, and 13 a ”Hold”. This means that 19% of the ratings are positive. The highest target price is GBX 1400 while the lowest target price is GBX 700. The mean of all analyst targets is GBX 1005.5 with a 10.01% above today’s (GBX 949.5) stock price. IMI PLC was the topic of 62 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 1 with “Underperform” rating. BNP Paribas maintained shares with “Underperform” rating and GBX 775 target share price in a report from a November 16. Peel Hunt maintained IMI stock in a recent report from November 27 with “Hold” rating. Numis Securities downgraded the rating on November 13. Numis Securities has a “Reduce” rating and a GBX 800 price target on shares. Finally, AlphaValue maintained the stock with “Buy” rating in a report issued on a November 18.
The stock decreased 0.47% or GBX 4.5 on December 1, striking GBX 949.5. Approximately 904,961 shares of stock traded hands or 14.15% up from the average. IMI plc (LON:IMI) has declined 24.04% since May 4, 2015 and is downtrending. It has underperformed by 22.42% 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 2.55 billion GBP. The Company’s technologies, built around valves and actuators, enable processes to operate well. It has 14.67 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)