IMI (LON:IMI) Reaches New 52-Week High – Here’s Why

IMI plc (LON:IMI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2,952.58 and last traded at GBX 2,940, with a volume of 1442523 shares traded. The stock had previously closed at GBX 2,850.

Wall Street Analysts Forecast Growth

IMI has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 3,250 price target on shares of IMI in a research note on Wednesday, May 13th. JPMorgan Chase & Co. cut their price target on shares of IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,772.86.

IMI Price Performance

The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. The company has a market capitalization of £7.00 billion, a PE ratio of 23.75, a P/E/G ratio of 1.12 and a beta of 1.04. The company’s 50-day simple moving average is GBX 2,778.12 and its 200-day simple moving average is GBX 2,692.50.

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.