IMI (LON:IMI) Sets New 1-Year High – Here’s What Happened

IMI plc (LON:IMI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,090 ($28.06) and last traded at GBX 2,086 ($28.00), with a volume of 413311 shares trading hands. The stock had previously closed at GBX 2,046.99 ($27.48).

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lifted their target price on IMI from GBX 2,250 ($30.21) to GBX 2,400 ($32.22) and gave the company an “outperform” rating in a report on Monday, March 3rd.

IMI Stock Performance

The stock has a 50-day moving average price of GBX 1,873.29 and a 200 day moving average price of GBX 1,887.58. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The firm has a market capitalization of £5.29 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 1.12 and a beta of 1.08.

Insider Activity at IMI

In other news, insider Jackie Callaway acquired 1,046 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was acquired at an average cost of GBX 1,971 ($26.46) per share, with a total value of £20,616.66 ($27,677.08). Insiders have bought a total of 1,074 shares of company stock valued at $2,117,162 over the last 90 days. 1.52% of the stock is owned by corporate insiders.

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.