IMI plc (LON:IMI - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,128 ($29.06) and last traded at GBX 2,110 ($28.81), with a volume of 517218 shares traded. The stock had previously closed at GBX 2,097.02 ($28.64).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 2,450 ($33.46) target price on shares of IMI in a research report on Wednesday.
Get Our Latest Report on IMI
IMI Trading Up 1.6%
The company has a 50 day moving average of GBX 1,957.97 and a two-hundred day moving average of GBX 1,905.07. The stock has a market capitalization of £5.40 billion, a PE ratio of 21.83, 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 quick ratio of 0.80 and a current ratio of 1.36.
Insiders Place Their Bets
In related news, insider Jackie Callaway acquired 1,046 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of GBX 1,971 ($26.92) per share, for a total transaction of £20,616.66 ($28,153.30). Insiders bought a total of 1,074 shares of company stock valued at $2,117,162 over the last three months. 1.52% of the stock is currently owned by company insiders.
About IMI
(
Get Free Report)
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.
Further Reading
Before you consider IMI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IMI wasn't on the list.
While IMI currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
