IMI (LON:IMI) Sets New 52-Week High – Should You Buy?

IMI plc (LON:IMI – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as GBX 3,064 and last traded at GBX 3,044, with a volume of 54232309 shares traded. The stock had previously closed at GBX 3,016.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on IMI shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 3,250 target price on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, IMI presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,808.57.

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IMI Trading Up 0.9%

The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The stock has a market cap of £7.21 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a fifty day simple moving average of GBX 2,863.21 and a 200-day simple moving average of GBX 2,787.99.

IMI Company Profile

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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.

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