IMI (LON:IMI) Sets New 12-Month High – What’s Next?

Shares of IMI plc (LON:IMI) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,096 and last traded at GBX 3,084, with a volume of 635961 shares traded. The stock had previously closed at GBX 3,022.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IMI shares. Jefferies Financial Group restated 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 reaffirmed a “buy” rating and issued a GBX 3,300 price target on shares of IMI in a report on Wednesday. JPMorgan Chase & Co. increased their price target on 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 reissued a “sector perform” rating and issued a GBX 2,850 price objective on shares of IMI in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 3,171.67.

IMI Trading Up 0.2%

The firm has a market capitalization of £7.43 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 1.12 and a beta of 1.05. The company has a fifty day moving average price of GBX 2,915.03 and a two-hundred day moving average price of GBX 2,814.94. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. As a group, research analysts forecast that IMI plc will post 137.9737609 earnings per share for the current fiscal 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.