IMI plc (LON:IMI – Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as GBX 1,846 ($23.19) and last traded at GBX 1,846 ($23.19), with a volume of 544627 shares. The stock had previously closed at GBX 1,803 ($22.65).
Analyst Ratings Changes
IMI has been the topic of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 1,950 ($24.50) target price on shares of IMI in a report on Monday, March 4th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,150 ($27.01) price objective on shares of IMI in a research note on Thursday, February 29th.
Check Out Our Latest Research Report on IMI
IMI Price Performance
IMI Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be paid a dividend of GBX 19.20 ($0.24) per share. This represents a dividend yield of 1.11%. This is a boost from IMI’s previous dividend of $9.10. The ex-dividend date is Thursday, April 4th. IMI’s payout ratio is presently 3,010.75%.
Insider Activity at IMI
In other news, insider Roy Twite sold 57,067 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of GBX 1,819 ($22.85), for a total transaction of £1,038,048.73 ($1,304,081.32). 1.41% of the stock is owned by company insiders.
IMI Company Profile
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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