Out of 21 analysts covering IMI (LON:IMI), 2 rate it a “Buy”, 3 “Sell”, while 16 “Hold”. This means 10% are positive. GBX 1400 is the highest target while GBX 700 is the lowest. The GBX 947.22 average target is -11.68% below today’s (GBX 1072.52) stock price. IMI has been the topic of 103 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock on August 31 with “Hold” rating. Below is a list of IMI plc (LON:IMI) latest ratings and price target changes.
31/08/2016 Broker: Jefferies Rating: Hold Old Target: GBX 955.00 New Target: GBX 1090.00 Maintain
22/08/2016 Broker: JP Morgan Rating: Neutral Old Target: GBX 990.00 New Target: GBX 990.00 Maintain
17/08/2016 Broker: UBS Rating: Sell New Target: GBX 910.00 Maintain
12/08/2016 Broker: Numis Securities Rating: Hold New Target: GBX 1000.00 Maintain
16/08/2016 Broker: HSBC Rating: Hold Old Target: GBX 1000.00 New Target: GBX 1000.00 Maintain
05/08/2016 Broker: Morgan Stanley Rating: Equal Weight Old Target: GBX 970.00 New Target: GBX 1080.00 Maintain
02/08/2016 Broker: BNP Paribas Rating: Neutral New Target: GBX 1000.00 Maintain
01/08/2016 Broker: Numis Securities Rating: Hold New Target: GBX 1000.00 Maintain
01/08/2016 Broker: JP Morgan Rating: Neutral Old Target: GBX 880.00 New Target: GBX 990.00 Maintain
01/08/2016 Broker: Jefferies Rating: Hold Old Target: GBX 955.00 New Target: GBX 955.00 Maintain
The stock decreased 0.04% or GBX 0.48 on September 13, hitting GBX 1072.52. About 580,549 shares traded hands or 15.27% up from the average. IMI plc (LON:IMI) has risen 37.80% since February 12, 2016 and is uptrending. It has outperformed by 21.31% the S&P500.
IMI plc is a United Kingdom-based specialist engineering company. The company has a market cap of 2.92 billion GBP. The Firm is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. It has a 27.93 P/E ratio. The Firm operates though the following divisions: IMI critical engineering, which provides flow control solutions; IMI precision engineering, which specializes in developing motion and fluid control technologies, and IMI hydronic engineering, which is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors.
The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.37, from 1.5 in 2016Q1. The ratio dropped, as 7 funds sold all IMI plc shares owned while 8 reduced positions. 8 funds bought stakes while 9 increased positions. They now own 19.16 million shares or 0.41% more from 19.08 million shares in 2016Q1.
Raging Capital Management Llc holds 2.58% of its portfolio in IMI plc for 11.35 million shares. Symmetry Peak Management Llc owns 1.02 million shares or 0.25% of their US portfolio. Moreover, Grt Capital Partners L.L.C. has 0.02% invested in the company for 44,500 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Employees Retirement System Of Texas, a Texas-based fund reported 347,602 shares.
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