IMI (LON:IMI) Reaches New 1-Year High – Here’s Why

IMI plc (LON:IMI)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 2,768 and last traded at GBX 2,762, with a volume of 1801601 shares changing hands. The stock had previously closed at GBX 2,716.

Wall Street Analyst Weigh In

Several research firms have recently commented on IMI. Panmure Gordon reissued a “buy” rating and issued a GBX 2,760 price target on shares of IMI in a report on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price on IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a report on Thursday, December 4th. Berenberg Bank upped their price target on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada cut shares of IMI to a “sector perform” rating and raised their price objective for the company from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,670.71.

IMI Price Performance

The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The company’s fifty day simple moving average is GBX 2,523.55 and its two-hundred day simple moving average is GBX 2,373.78. The stock has a market capitalization of £6.80 billion, a PE ratio of 29.58, a P/E/G ratio of 1.12 and a beta of 1.08.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.