IMI (LON:IMI) Hits New 52-Week High – What’s Next?

IMI plc (LON:IMI)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as GBX 3,096 and last traded at GBX 3,084, with a volume of 635961 shares changing hands. The stock had previously closed at GBX 3,022.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted 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. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,850 target price on shares of IMI in a research note on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,380 target price on shares of IMI in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,300 target price on shares of IMI in a research note on Wednesday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, IMI currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

IMI Trading Up 2.1%

The firm has a market cap of £7.30 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30. The stock has a fifty day simple moving average of GBX 2,902.19 and a 200 day simple moving average of GBX 2,808.98.

IMI (LON:IMI) last posted its 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, research analysts expect that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

IMI Company Profile

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.