IMI plc (LON:IMI - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,616.59 and traded as high as GBX 2,766. IMI shares last traded at GBX 2,728, with a volume of 2,828,272 shares trading hands.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. lowered their price objective on IMI from GBX 3,330 to GBX 3,100 and set an "overweight" rating on the stock in a research report on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,690.71.
Read Our Latest Research Report on IMI
IMI Stock Performance
The stock has a 50-day moving average of GBX 2,747.14 and a 200 day moving average of GBX 2,616.59. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. The stock has a market capitalization of £6.80 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.07.
IMI (LON:IMI - Get Free Report) last announced its quarterly earnings data on Friday, March 6th. The company reported GBX 132.30 EPS for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. On average, analysts expect that IMI plc will post 137.9737609 EPS for the current year.
Insiders Place Their Bets
In related news, insider Jamie Pike bought 3,508 shares of the business's stock in a transaction on Friday, March 6th. The shares were purchased at an average price of GBX 2,848 per share, with a total value of £99,907.84. Insiders bought a total of 3,540 shares of company stock valued at $10,081,538 over the last quarter. Corporate insiders own 1.10% of the company's stock.
IMI Company Profile
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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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.
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