IMI (LON:IMI) Sets New 1-Year High – What’s Next?

IMI plc (LON:IMI) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 3,202 and last traded at GBX 3,052, with a volume of 595639 shares traded. The stock had previously closed at GBX 3,148.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IMI shares. JPMorgan Chase & Co. lifted their target price 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. Deutsche Bank Aktiengesellschaft upped their target price on IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 price objective on shares of IMI in a research report on Friday, July 31st. Berenberg Bank restated a “buy” rating and set a GBX 3,300 target price on shares of IMI in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, IMI currently has an average rating of “Moderate Buy” and an average target price of GBX 3,171.67.

IMI Trading Down 3.0%

The firm’s 50 day simple moving average is GBX 3,070.46 and its 200-day simple moving average is GBX 2,904.73. The company has a market capitalization of £7.17 billion, a PE ratio of 22.49, a P/E/G ratio of 1.12 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30.

IMI (LON:IMI) last posted its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. As a group, equities research analysts anticipate 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.