IMI (LON:IMI) Stock Crosses Above 200-Day Moving Average - Should You Sell?

IMI plc (LON:IMI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,858.36 ($25.08) and traded as high as GBX 1,938 ($26.16). IMI shares last traded at GBX 1,928 ($26.02), with a volume of 1,183,692 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their price target on IMI from GBX 2,250 ($30.37) to GBX 2,400 ($32.39) and gave the stock an "outperform" rating in a report on Monday, March 3rd.

IMI Stock Performance

The firm has a 50 day moving average of GBX 1,819.09 and a two-hundred day moving average of GBX 1,861.01. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The stock has a market cap of £5.04 billion, a PE ratio of 20.37, a PEG ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The company reported GBX 122.50 ($1.65) earnings per share for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. Research analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.

Insider Activity at IMI

In other IMI news, insider Roy Twite sold 49,259 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of GBX 1,962 ($26.48), for a total transaction of £966,461.58 ($1,304,442.68). Insiders purchased a total of 21 shares of company stock valued at $40,964 over the last ninety days. Insiders own 1.52% of the company's stock.

About IMI

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.