Is Buying IMI plc Here a Winning Strategy?

 Is Buying IMI plc Here a Winning Strategy?

The stock of IMI plc (LON:IMI) is a huge mover today! The stock decreased 0.34% or GBX 3.21 on November 18, hitting GBX 944.79. About 916,964 shares traded hands or 16.42% up from the average. IMI plc (LON:IMI) has declined 2.92% since April 20, 2016 and is downtrending. It has underperformed by 7.35% the S&P500.
The move comes after 9 months positive chart setup for the GBX 2.67 billion company. It was reported on Nov, 18 by Barchart.com. We have GBX 1369.95 PT which if reached, will make LON:IMI worth GBX 1.20B more.

IMI plc (LON:IMI) Ratings Coverage

Out of 22 analysts covering IMI PLC (LON:IMI), 5 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 23% are positive. GBX 1500 is the highest target while GBX 700 is the lowest. The GBX 1019.16 average target is 7.87% above today’s (GBX 944.79) stock price. IMI PLC has been the topic of 134 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Nomura maintained the stock with “Reduce” rating in Monday, November 9 report. As per Monday, February 29, the company rating was maintained by Beaufort Securities. Numis Securities maintained the shares of IMI in a report on Monday, September 28 with “Hold” rating. RBC Capital Markets maintained it with “Sector Perform” rating and GBX 1360 target price in Monday, November 9 report. Canaccord Genuity maintained the stock with “Buy” rating in Friday, July 31 report. RBC Capital Markets maintained IMI plc (LON:IMI) rating on Friday, May 6. RBC Capital Markets has “Underperform” rating and GBX 850 price target. Investec maintained IMI plc (LON:IMI) on Monday, February 29 with “Buy” rating. The stock of IMI plc (LON:IMI) has “Hold” rating given on Friday, November 11 by Societe Generale. The company was maintained on Wednesday, October 28 by JP Morgan. The stock of IMI plc (LON:IMI) earned “Hold” rating by Jefferies on Wednesday, April 20.

IMI plc is a United Kingdom-based specialist engineering company. The company has a market cap of 2.67 billion GBP. The Firm is engaged in designing, manufacturing and servicing engineered products that control the precise movement of fluids. It has a 24.6 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.

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