IMI (LON:IMI) Hits New 52-Week High – Time to Buy?

Shares of IMI plc (LON:IMI) hit a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 3,170 and last traded at GBX 3,126, with a volume of 375062 shares. The stock had previously closed at GBX 3,120.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IMI shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,380 target price on shares of IMI in a research report on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,171.67.

IMI Price Performance

The firm has a market capitalization of £7.39 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The firm has a 50 day moving average price of GBX 3,052.49 and a 200-day moving average price of GBX 2,884.22.

IMI (LON:IMI) last released its quarterly 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, analysts expect that IMI plc will post 137.9737609 earnings per share for the current year.

IMI Company Profile

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.