IMI (LON:IMI) Hits New 1-Year High - Here's What Happened

IMI plc (LON:IMI - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 2,276 ($30.79) and last traded at GBX 2,273 ($30.75), with a volume of 3097286 shares traded. The stock had previously closed at GBX 2,230.26 ($30.18).

Wall Street Analyst Weigh In

IMI has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their price objective on IMI from GBX 2,300 ($31.12) to GBX 2,475 ($33.49) and gave the stock an "outperform" rating in a research note on Friday, August 1st. Berenberg Bank boosted their price objective on IMI from GBX 2,300 ($31.12) to GBX 2,550 ($34.50) and gave the stock a "buy" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price objective on IMI from GBX 2,450 ($33.15) to GBX 2,500 ($33.82) and gave the stock an "overweight" rating in a research note on Monday, August 4th. Jefferies Financial Group boosted their price objective on IMI from GBX 2,490 ($33.69) to GBX 2,500 ($33.82) and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Peel Hunt restated a "buy" rating and set a GBX 2,450 ($33.15) price objective on shares of IMI in a research note on Friday, August 1st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of GBX 2,516.67 ($34.05).

IMI Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The company has a 50 day moving average of GBX 2,137.28 and a 200 day moving average of GBX 1,973.89. The firm has a market cap of £5.70 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 ($0.76) earnings per share (EPS) for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. As a group, equities research analysts expect that IMI plc will post 137.9737609 EPS for the current fiscal year.

Insider Transactions at IMI

In other news, insider Jackie Callaway acquired 1,046 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average price of GBX 1,971 ($26.67) per share, for a total transaction of £20,616.66 ($27,894.28). Insiders purchased a total of 1,087 shares of company stock worth $2,149,212 in the last 90 days. Corporate insiders own 1.52% of the company's stock.

About IMI

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.