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

Shares of IMI plc (LON:IMIGet Free Report) hit a new 52-week high during trading on Friday . The company traded as high as GBX 3,848 and last traded at GBX 2,830, with a volume of 1968580 shares. The stock had previously closed at GBX 2,752.

Key Headlines Impacting IMI

Here are the key news stories impacting IMI this week:

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Panmure Gordon restated a “buy” rating and set a GBX 2,760 price objective on shares of IMI in a research report on Tuesday, November 25th. JPMorgan Chase & Co. lifted their target price on shares of IMI from GBX 2,850 to GBX 2,960 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,670.71.

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IMI Stock Performance

The company has a market cap of £6.90 billion, a P/E ratio of 30.03, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The business has a fifty day simple moving average of GBX 2,733.92 and a two-hundred day simple moving average of GBX 2,491.73.

IMI (LON:IMIGet Free Report) last released its quarterly earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share (EPS) for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. On average, sell-side analysts anticipate that IMI plc will post 137.9737609 EPS for the current year.

IMI Company Profile

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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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.

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