IMI (LON:IMI) Reaches New 1-Year High – Should You Buy?

IMI plc (LON:IMI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,952.58 and last traded at GBX 2,940, with a volume of 1442523 shares. The stock had previously closed at GBX 2,850.

Wall Street Analysts Forecast Growth

IMI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,250 price target on shares of IMI in a report on Wednesday, May 13th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,772.86.

IMI Price Performance

The stock’s 50-day moving average is GBX 2,801.34 and its two-hundred day moving average is GBX 2,704.58. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. The stock has a market cap of £7.08 billion, a PE ratio of 24.02, a PEG ratio of 1.12 and a beta of 1.04.

About IMI

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.