IMI (LON:IMI) Hits New 52-Week High – Here’s What Happened

IMI plc (LON:IMI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 2,890 and last traded at GBX 2,826, with a volume of 866819 shares trading hands. The stock had previously closed at GBX 2,826.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada cut IMI to a “sector perform” rating and increased their target price for the stock from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Panmure Gordon reiterated a “buy” rating and issued a GBX 2,760 price target on shares of IMI in a report on Tuesday, November 25th. Berenberg Bank raised their price objective on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Six 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, IMI presently has an average rating of “Moderate Buy” and an average price target of GBX 2,670.71.

IMI Trading Up 0.4%

The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The business has a 50-day simple moving average of GBX 2,555.59 and a two-hundred day simple moving average of GBX 2,393.10. The stock has a market cap of £6.99 billion, a price-to-earnings ratio of 30.42, a P/E/G ratio of 1.12 and a beta of 1.08.

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.