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

IMI plc (LON:IMI)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 3,064 and last traded at GBX 3,044, with a volume of 54232309 shares changing hands. The stock had previously closed at GBX 3,016.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IMI. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 3,250 target price on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price target on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,808.57.

IMI Stock Performance

The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. The firm has a market capitalization of £7.21 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.12 and a beta of 1.05. The firm’s fifty day moving average is GBX 2,863.21 and its 200 day moving average is GBX 2,787.99.

About IMI

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.