IMI (LON:IMI) Sets New 1-Year High – Here’s Why

IMI plc (LON:IMI) shares reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,162 and last traded at GBX 3,124, with a volume of 841904 shares. The stock had previously closed at GBX 3,142.

Analysts Set New Price Targets

Several research firms have recently issued reports on IMI. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,850 price target on shares of IMI in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,300 price target on shares of IMI in a report on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 price target on shares of IMI in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, IMI presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,171.67.

IMI Stock Down 0.4%

The stock has a market cap of £7.44 billion, a price-to-earnings ratio of 23.09, a P/E/G 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’s 50 day moving average is GBX 2,944.23 and its two-hundred day moving average is GBX 2,828.35.

IMI (LON:IMI) last released its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, sell-side analysts predict that IMI plc will post 137.9737609 EPS for the current 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.