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

Shares of IMI plc (LON:IMI - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 2,018 ($25.64) and last traded at GBX 2,016 ($25.62), with a volume of 2029916 shares trading hands. The stock had previously closed at GBX 1,892 ($24.04).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada boosted their price objective on shares of IMI from GBX 2,250 ($28.59) to GBX 2,400 ($30.50) and gave the company an "outperform" rating in a research report on Monday.

IMI Stock Performance

The business's 50-day moving average price is GBX 1,905.43 and its 200-day moving average price is GBX 1,831.16. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The stock has a market cap of £5.25 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI - Get Free Report) last issued its earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.56) earnings per share for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, sell-side analysts expect that IMI plc will post 137.9737609 earnings per share 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.