Shares of IMI plc (IMI.L) (LON:IMI) reached a new 52-week high on Thursday . The company traded as high as GBX 1,313 ($17.15) and last traded at GBX 1,295 ($16.92), with a volume of 42643 shares traded. The stock had previously closed at GBX 1,260 ($16.46).
IMI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of IMI plc (IMI.L) from a “neutral” rating to an “overweight” rating and upped their target price for the stock from GBX 850 ($11.11) to GBX 1,300 ($16.98) in a research note on Tuesday, November 24th. Credit Suisse Group upgraded shares of IMI plc (IMI.L) to an “outperform” rating and upped their target price for the stock from GBX 1,160 ($15.16) to GBX 1,450 ($18.94) in a research note on Wednesday. Finally, Liberum Capital upgraded shares of IMI plc (IMI.L) to a “buy” rating and upped their target price for the stock from GBX 1,000 ($13.07) to GBX 1,500 ($19.60) in a research note on Wednesday, December 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. IMI plc (IMI.L) currently has an average rating of “Buy” and an average price target of GBX 1,108.57 ($14.48).
The company has a quick ratio of 0.91, a current ratio of 1.52 and a debt-to-equity ratio of 63.69. The company has a fifty day moving average of GBX 1,186.41 and a two-hundred day moving average of GBX 1,085.84. The stock has a market capitalization of £3.54 billion and a price-to-earnings ratio of 23.03.
IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.
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