IMI (LON:IMI) Sets New 52-Week High – Time to Buy?

Shares of IMI plc (LON:IMI) hit a new 52-week high during trading on Friday . The company traded as high as GBX 2,926 and last traded at GBX 2,904, with a volume of 659099 shares traded. The stock had previously closed at GBX 2,884.

Wall Street Analyst Weigh In

IMI has been the subject of several research reports. Panmure Gordon reissued a “buy” rating and issued a GBX 2,760 price objective on shares of IMI in a research report on Tuesday, November 25th. JPMorgan Chase & Co. increased their price target on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Berenberg Bank boosted their price objective on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

IMI Trading Up 0.7%

The business’s 50 day moving average price is GBX 2,653.27 and its 200-day moving average price is GBX 2,444.61. The company has a market cap of £7.15 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

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.