IMI plc (LON:IMI - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,878.40 ($25.57) and traded as high as GBX 2,061.72 ($28.07). IMI shares last traded at GBX 2,040.64 ($27.78), with a volume of 726,970 shares.
Analyst Ratings Changes
Separately, Royal Bank of Canada raised their price objective on shares of IMI from GBX 2,250 ($30.63) to GBX 2,400 ($32.68) and gave the company an "outperform" rating in a research note on Monday, March 3rd.
Get Our Latest Analysis on IMI
IMI Price Performance
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 firm has a market capitalization of £5.18 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a 50-day moving average price of GBX 1,839.39 and a 200-day moving average price of GBX 1,878.40.
Insider Buying and Selling at IMI
In other news, insider Jackie Callaway bought 1,046 shares of the stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average price of GBX 1,971 ($26.83) per share, with a total value of £20,616.66 ($28,068.97). Over the last quarter, insiders have purchased 1,074 shares of company stock valued at $2,117,162. 1.52% of the stock is currently owned by company insiders.
About IMI
(
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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.
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