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

Shares of IMI plc (LON:IMI) reached a new 52-week high during mid-day 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. The stock had previously closed at GBX 2,884.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IMI. JPMorgan Chase & Co. boosted their target price on IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Berenberg Bank increased their price objective on IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,760 price objective on shares of IMI in a research report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, IMI presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

IMI Stock Performance

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 stock’s 50-day simple moving average is GBX 2,653.27 and its two-hundred day simple moving average is GBX 2,444.61. The stock has a market cap of £7.15 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth 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.