IMI plc (LON:IMI - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,992.85 ($26.87) and traded as high as GBX 2,320 ($31.28). IMI shares last traded at GBX 2,314 ($31.20), with a volume of 542,696 shares.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Berenberg Bank increased their price objective on IMI from GBX 2,300 to GBX 2,550 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. increased their price target on IMI from GBX 2,500 to GBX 2,850 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Jefferies Financial Group lifted their price objective on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada increased their target price on shares of IMI from GBX 2,300 to GBX 2,475 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of IMI from GBX 2,250 to GBX 2,625 and gave the company a "buy" rating in a research report on Friday, August 1st. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of GBX 2,575.
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IMI Price Performance
The stock has a market cap of £5.84 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.12 and a beta of 1.08. The business has a 50 day simple moving average of GBX 2,178.29 and a 200-day simple moving average of GBX 1,992.85. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.
IMI (LON:IMI - Get Free Report) last released its earnings results on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, sell-side analysts forecast that IMI plc will post 137.9737609 EPS for the current year.
Insider Transactions at IMI
In related news, insider Jackie Callaway purchased 1,046 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average price of GBX 1,971 per share, with a total value of £20,616.66. Also, insider Luke Grant sold 271 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of GBX 2,301, for a total value of £6,235.71. Over the last quarter, insiders acquired 1,087 shares of company stock worth $2,149,212. Corporate insiders own 1.52% 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.
Further Reading
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