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

IMI plc (LON:IMI)’s share price hit a new 52-week high during mid-day 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 Analyst Weigh In

IMI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,250 price objective on shares of IMI in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price objective on shares of IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,772.86.

IMI Trading Up 3.2%

The firm has a market cap 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 fifty day moving average price is GBX 2,778.12 and its two-hundred day moving average price is GBX 2,692.50. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04.

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.