IMI (LON:IMI) Hits New 1-Year High – Here’s What Happened

IMI plc (LON:IMI) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 3,064 and last traded at GBX 3,044, with a volume of 54232309 shares changing hands. The stock had previously closed at GBX 3,016.

Analysts Set New Price Targets

A number of research firms recently issued reports on IMI. JPMorgan Chase & Co. raised their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 3,250 price objective on shares of IMI in a report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,808.57.

IMI Price Performance

The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. The company has a 50 day moving average price of GBX 2,871.17 and a 200 day moving average price of GBX 2,789.78. The firm has a market cap of £7.21 billion, a PE ratio of 24.59, a PEG ratio of 1.12 and a beta of 1.05.

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.