IMI (LON:IMI) Hits New 52-Week High at $1,899.00

IMI plc (LON:IMIGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,899 ($23.85) and last traded at GBX 1,886 ($23.69), with a volume of 253651 shares traded. The stock had previously closed at GBX 1,868 ($23.46).

Wall Street Analyst Weigh In

IMI has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,150 ($27.00) target price on shares of IMI in a research note on Thursday, February 29th. Berenberg Bank reissued a “buy” rating and set a GBX 1,950 ($24.49) price objective on shares of IMI in a report on Monday, March 4th.

Read Our Latest Stock Analysis on IMI

IMI Price Performance

The firm’s 50 day simple moving average is GBX 1,786.39 and its two-hundred day simple moving average is GBX 1,686.77. The company has a debt-to-equity ratio of 72.33, a current ratio of 1.50 and a quick ratio of 0.80. The firm has a market capitalization of £4.92 billion, a P/E ratio of 2,034.41, a P/E/G ratio of 1.12 and a beta of 1.13.

IMI Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be paid a GBX 19.20 ($0.24) dividend. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, April 4th. This is a positive change from IMI’s previous dividend of $9.10. IMI’s payout ratio is 3,010.75%.

Insider Activity at IMI

In other IMI news, insider Roy Twite sold 57,067 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($22.85), for a total value of £1,038,048.73 ($1,303,753.74). 1.47% of the stock is currently owned by company insiders.

IMI Company Profile

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IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.

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