IMI (LON:IMI) Reaches New 1-Year High on Analyst Upgrade

Key Points

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IMI plc (LON:IMI - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 2,500 to GBX 2,850. JPMorgan Chase & Co. currently has an overweight rating on the stock. IMI traded as high as GBX 2,318 ($31.34) and last traded at GBX 2,318 ($31.34), with a volume of 3649951 shares traded. The stock had previously closed at GBX 2,250 ($30.42).

IMI has been the topic of several other research reports. Peel Hunt restated a "buy" rating and set a GBX 2,450 price objective on shares of IMI in a report on Friday, August 1st. Royal Bank Of Canada lifted their price target on IMI from GBX 2,300 to GBX 2,475 and gave the company an "outperform" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on IMI from GBX 2,250 to GBX 2,625 and gave the company a "buy" rating in a report on Friday, August 1st. Berenberg Bank increased their price objective on IMI from GBX 2,300 to GBX 2,550 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their target price on IMI from GBX 2,490 to GBX 2,500 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IMI presently has an average rating of "Buy" and an average target price of GBX 2,575.

Insider Buying and Selling at IMI

In other news, insider Jackie Callaway acquired 1,046 shares of IMI stock in a transaction on Tuesday, June 3rd. The shares were bought at an average cost of GBX 1,971 per share, for a total transaction of £20,616.66. Also, insider Luke Grant sold 271 shares of IMI stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of GBX 2,301, for a total transaction of £6,235.71. Insiders have acquired a total of 1,087 shares of company stock worth $2,149,212 over the last 90 days. 1.52% of the stock is currently owned by company insiders.

IMI Price Performance

The firm has a market cap of £5.91 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The stock's fifty day moving average price is GBX 2,169.18 and its 200-day moving average price is GBX 1,987.19. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

IMI (LON:IMI - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, equities analysts expect that IMI plc will post 137.9737609 EPS for the current fiscal year.

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.