IMI plc (LON:IMI – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 3,162 and last traded at GBX 3,124, with a volume of 841904 shares trading hands. The stock had previously closed at GBX 3,142.
Analyst Ratings Changes
Several equities analysts have recently commented on IMI shares. Berenberg Bank restated a “buy” rating and issued a GBX 3,300 price objective on shares of IMI in a report on Wednesday, August 5th. 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 report on Monday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,850 price target on shares of IMI in a research note on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a GBX 3,380 price target on shares of IMI in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, IMI currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,171.67.
Get Our Latest Research Report on IMI
IMI Trading Down 0.6%
IMI (LON:IMI – Get Free Report) last announced its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. As a group, analysts forecast that IMI plc will post 137.9737609 EPS for the current fiscal year.
About IMI
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.
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