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

IMI plc (LON:IMI - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2,090 ($28.05) and last traded at GBX 2,086 ($27.99), with a volume of 413311 shares trading hands. The stock had previously closed at GBX 2,046.99 ($27.47).

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada boosted their price objective on shares of IMI from GBX 2,250 ($30.19) to GBX 2,400 ($32.21) and gave the company an "outperform" rating in a research report on Monday, March 3rd.

IMI Trading Down 1.0%

The firm has a market capitalization of £5.23 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The firm's 50-day simple moving average is GBX 1,882.88 and its 200 day simple moving average is GBX 1,888.94.

Insider Buying and Selling at IMI

In related news, insider Jackie Callaway purchased 1,046 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average cost of GBX 1,971 ($26.45) per share, for a total transaction of £20,616.66 ($27,665.94). Insiders bought a total of 1,074 shares of company stock worth $2,117,162 over the last three months. Corporate insiders own 1.52% of the company's stock.

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.