IMI (LON:IMI) Sets New 12-Month High – Here’s What Happened

IMI plc (LON:IMI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 2,752 and last traded at GBX 2,740, with a volume of 1551905 shares. The stock had previously closed at GBX 2,672.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Berenberg Bank increased their price target on shares of IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada lowered shares of IMI to a “sector perform” rating and upped their price objective for the company from GBX 2,475 to GBX 2,500 in a research report on Tuesday, October 14th. Panmure Gordon reiterated a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. boosted their price target on IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

IMI Stock Performance

The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The firm has a market capitalization of £6.68 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.12 and a beta of 1.08. The stock has a fifty day moving average price of GBX 2,504.43 and a 200-day moving average price of GBX 2,359.53.

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.