IMI (LON:IMI) Reaches New 1-Year High - What's Next?

IMI plc (LON:IMI - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,164 ($28.97) and last traded at GBX 2,164 ($28.97), with a volume of 384349 shares traded. The stock had previously closed at GBX 2,138 ($28.62).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 2,450 ($32.80) price target on shares of IMI in a research report on Wednesday, July 2nd.

IMI Price Performance

The business has a 50-day simple moving average of GBX 2,013.58 and a 200 day simple moving average of GBX 1,922.33. The stock has a market cap of £5.45 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

Insider Activity at IMI

In other IMI news, insider Jackie Callaway bought 1,046 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of GBX 1,971 ($26.39) per share, for a total transaction of £20,616.66 ($27,602.97). In the last 90 days, insiders bought 1,087 shares of company stock worth $2,144,228. 1.52% of the stock is owned by corporate insiders.

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.