IMI (LON:IMI) Reaches New 12-Month High – Time to Buy?

Shares of IMI plc (LON:IMI) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 3,162 and last traded at GBX 3,124, with a volume of 841904 shares changing hands. The stock had previously closed at GBX 3,142.

Analysts Set New Price Targets

IMI has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,300 price target on shares of IMI in a research note on Wednesday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,850 target price on shares of IMI in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,171.67.

IMI Stock Down 0.6%

The business’s fifty day moving average price is GBX 2,930.43 and its 200 day moving average price is GBX 2,822.11. The firm has a market capitalization of £7.41 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.12 and a beta of 1.05. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30.

IMI (LON:IMI) last announced its earnings results on Friday, July 31st. The company reported GBX 63.40 EPS for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, equities analysts expect that IMI plc will post 137.9737609 EPS for the current year.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.