IMI (LON:IMI) Hits New 52-Week High - Time to Buy?

Key Points

• IMI shares reached a new 52-week high of GBX 3,170 and were last trading at GBX 3,126, up modestly from the prior close.
• Analyst sentiment is broadly positive: five analysts rate IMI a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of GBX 3,171.67.
• IMI reported quarterly EPS of GBX 63.40, with a 32.41% return on equity and 14.09% net margin; analysts expect full-year EPS of approximately GBX 137.97.

IMI plc (LON:IMI - Get Free Report) hit a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 3,170 and last traded at GBX 3,126, with a volume of 375062 shares trading hands. The stock had previously closed at GBX 3,120.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IMI. JPMorgan Chase & Co. boosted their price objective on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an "overweight" rating in a report on Wednesday, July 8th. Jefferies Financial Group reissued a "buy" rating and set a GBX 3,380 price target on shares of IMI in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on IMI from GBX 3,250 to GBX 3,440 and gave the stock a "buy" rating in a report on Monday, August 3rd. Berenberg Bank reissued a "buy" rating and issued a GBX 3,300 target price on shares of IMI in a report on Wednesday, August 5th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 3,171.67.

IMI Stock Up 0.2%

The company has a 50-day moving average of GBX 3,052.49 and a two-hundred day moving average of GBX 2,884.22. 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 company has a market capitalization of £7.39 billion, a PE ratio of 23.04, a P/E/G ratio of 1.12 and a beta of 1.04.

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

IMI Company Profile

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.

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