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

Shares of IMI plc (LON:IMI - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,164 ($29.06) and last traded at GBX 2,164 ($29.06), with a volume of 384349 shares traded. The stock had previously closed at GBX 2,138 ($28.71).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 2,450 ($32.90) target price on shares of IMI in a research note on Wednesday, July 2nd.

IMI Stock Up 0.2%

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 company has a market cap of £5.55 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.12 and a beta of 1.08. The firm's 50 day simple moving average is GBX 2,033.28 and its 200-day simple moving average is GBX 1,927.81.

Insider Transactions at IMI

In related news, insider Jackie Callaway acquired 1,046 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was bought at an average price of GBX 1,971 ($26.47) per share, for a total transaction of £20,616.66 ($27,684.52). Insiders have acquired a total of 1,087 shares of company stock valued at $2,144,228 in the last three months. Corporate insiders own 1.52% of the company's stock.

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.