IMI (LON:IMI) Sets New 52-Week Low at $1,181.00

IMI plc (LON:IMIGet Rating)’s stock price reached a new 52-week low on Thursday . The company traded as low as GBX 1,181 ($14.33) and last traded at GBX 1,200.50 ($14.57), with a volume of 795652 shares trading hands. The stock had previously closed at GBX 1,264 ($15.34).

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on IMI from GBX 2,050 ($24.88) to GBX 2,000 ($24.27) and set an “overweight” rating for the company in a research note on Friday, May 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of IMI in a research note on Wednesday, May 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,000 ($24.27) price target on shares of IMI in a research note on Wednesday, April 13th. Finally, Barclays decreased their price objective on IMI from GBX 2,070 ($25.12) to GBX 1,750 ($21.24) and set an “overweight” rating for the company in a report on Monday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, IMI presently has an average rating of “Buy” and an average price target of GBX 1,666.67 ($20.23).

The company has a debt-to-equity ratio of 92.08, a quick ratio of 0.68 and a current ratio of 1.20. The stock has a market capitalization of £3.13 billion and a PE ratio of 16.40. The business has a 50 day moving average of GBX 1,318.63 and a two-hundred day moving average of GBX 1,496.62.

In related news, insider Daniel Shook sold 36,413 shares of the company’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of GBX 1,482 ($17.99), for a total transaction of £539,640.66 ($654,983.20).

IMI Company Profile (LON:IMI)

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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