IMI (LON:IMI) Sets New 1-Year High – Still a Buy?

IMI plc (LON:IMI) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 3,202 and last traded at GBX 3,052, with a volume of 595639 shares traded. The stock had previously closed at GBX 3,148.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IMI shares. JPMorgan Chase & Co. lifted their price objective 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. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,380 target price on shares of IMI in a report on Friday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,850 price target on shares of IMI in a research report on Friday, July 31st. Berenberg Bank restated a “buy” rating and issued a GBX 3,300 price target on shares of IMI in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, IMI has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

IMI Stock Up 2.7%

The stock has a market cap of £7.31 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The firm has a fifty day moving average of GBX 3,075.16 and a 200 day moving average of GBX 2,911.39. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30.

IMI (LON:IMI) last announced 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%. On average, equities research analysts anticipate that IMI plc will post 137.9737609 EPS 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.