IMI (LON:IMI) Hits New 52-Week High - What's Next?

Key Points

• IMI shares reached a new 52-week high of GBX 3,162 before last trading at GBX 3,124, with 841,904 shares changing hands.
• Analyst sentiment remains positive: five analysts rate IMI a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and an average price target of GBX 3,171.67.
• IMI reported quarterly earnings of GBX 63.40 per share, alongside a 14.09% net margin and 32.41% return on equity; analysts expect full-year EPS of approximately GBX 137.97.

IMI plc (LON:IMI - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 3,162 and last traded at GBX 3,124, with a volume of 841904 shares trading hands. The stock had previously closed at GBX 3,142.

Analyst Ratings Changes

Several equities analysts have recently commented on IMI shares. Berenberg Bank restated a "buy" rating and issued a GBX 3,300 price objective on shares of IMI in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on IMI from GBX 3,250 to GBX 3,440 and gave the company a "buy" rating in a research report on Monday, August 3rd. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 2,850 price target on shares of IMI in a research note on Friday, July 31st. Jefferies Financial Group restated a "buy" rating and set a GBX 3,380 price target on shares of IMI in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the company an "overweight" rating in a research note on Wednesday, July 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, IMI currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,171.67.

IMI Trading Down 0.6%

The company has a debt-to-equity ratio of 80.30, a current ratio of 1.30 and a quick ratio of 0.80. The firm has a market cap of £7.41 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The company's 50 day moving average price is GBX 2,930.43 and its 200 day moving average price is GBX 2,822.11.

IMI (LON:IMI - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. As a group, analysts forecast that IMI plc will post 137.9737609 EPS for the current fiscal year.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges. Our solutions are a small part of our customers' systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact. Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source