HSBC Gains Confidence in Imi (LON:IMI). Will Other Analysts Follow?

July 13, 2018 - By Richard Doty

IMI plc (LON:IMI) Logo

Investors sentiment increased to 1.44 in 2018 Q1. Its up 0.06, from 1.38 in 2017Q4. It increased, as 5 investors sold IMI plc shares while 4 reduced holdings. 8 funds opened positions while 5 raised stakes. 18.13 million shares or 2.02% less from 18.50 million shares in 2017Q4 were reported.

Bankshares Of America De holds 0% or 1,000 shares in its portfolio. Raging Capital Lc stated it has 14.73 million shares or 2.57% of all its holdings. Northern Trust Corp has 0% invested in IMI plc (LON:IMI) for 31,697 shares. Bridgeway Capital stated it has 260,700 shares or 0% of all its holdings. Royal Bankshares Of Canada holds 0% or 19 shares in its portfolio. Rbf Cap Limited Liability Company owns 0.01% invested in IMI plc (LON:IMI) for 43,071 shares. Deutsche Bancorp Ag accumulated 0% or 75,184 shares. Barclays Public Limited Liability holds 0% or 374,403 shares. Renaissance Techs Ltd Limited Liability Company reported 0% in IMI plc (LON:IMI). Art Ltd Liability Corp holds 10,683 shares. Horizon Kinetics has invested 0% in IMI plc (LON:IMI). New York-based Blackrock has invested 0% in IMI plc (LON:IMI). Vanguard Group has invested 0% in IMI plc (LON:IMI). Massachusetts-based Acadian Asset Limited Liability Corporation has invested 0% in IMI plc (LON:IMI). Thompson Siegel & Walmsley Limited Liability has 0% invested in IMI plc (LON:IMI) for 2,400 shares.

Imi (LON:IMI) Stock Upgrade

In a note issued to investors and clients on Friday morning, investment analysts at the HSBC equity research division boosted shares of Imi (LON:IMI) to a respectable “Buy” rating. They now have a PT set at GBX 1350.00 on IMI equating to 18.53 % more upside.

IMI plc (LON:IMI) Ratings Coverage

Among 12 analysts covering IMI PLC (LON:IMI), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. IMI PLC has GBX 1475 highest and GBX 1125 lowest target. GBX 1309.17’s average target is 14.94% above currents GBX 1139 stock price. IMI PLC had 26 analyst reports since January 22, 2018 according to SRatingsIntel. On Tuesday, June 12 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was maintained by HSBC on Wednesday, March 28 with “Hold”. On Thursday, May 3 the stock rating was maintained by Liberum Capital with “Buy”. The firm has “Hold” rating given on Monday, January 22 by Peel Hunt. Numis Securities maintained IMI plc (LON:IMI) on Wednesday, February 14 with “Reduce” rating. JP Morgan maintained the stock with “Neutral” rating in Friday, February 2 report. Numis Securities upgraded it to “Hold” rating and GBX 1125 target in Monday, March 5 report. The firm has “Overweight” rating given on Wednesday, June 13 by Barclays Capital. The firm has “Neutral” rating given on Thursday, April 5 by BNP Paribas. The rating was maintained by Citigroup on Monday, March 12 with “Neutral”.

The stock increased 4.11% or GBX 45 during the last trading session, reaching GBX 1139. About 2.25M shares traded or 10.83% up from the average. IMI plc (LON:IMI) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company has market cap of 3.07 billion GBP. The companyÂ’s IMI Critical Engineering division provides critical flow control solutions for vital energy and process industries. It has a 19.08 P/E ratio. This division offers anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; and turbine by-pass valves for critical applications in conventional and nuclear power plants.

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