IMI (LON:IMI) Sets New 1-Year High – Time to Buy?

IMI plc (LON:IMI)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 2,660 and last traded at GBX 2,657.23, with a volume of 836327 shares. The stock had previously closed at GBX 2,618.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IMI. Panmure Gordon reissued a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a research note on Tuesday, November 25th. Berenberg Bank lifted their price objective on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. boosted their price objective 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, Royal Bank Of Canada lowered shares of IMI to a “sector perform” rating and increased their target price for the stock from GBX 2,475 to GBX 2,500 in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

IMI Stock Up 2.4%

The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The firm’s fifty day simple moving average is GBX 2,476.86 and its 200 day simple moving average is GBX 2,333.58. The stock has a market capitalization of £6.60 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 1.12 and a beta of 1.08.

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.