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

Key Points

• IMI plc's stock has crossed above its 200-day moving average, indicating a potential upward trend, with shares last trading at GBX 2,253.38 ($30.31).
• Analysts have a consensus rating of "Buy" for IMI, with target prices ranging from GBX 2,450 to GBX 2,850, suggesting positive sentiment around the company's performance.
• Despite the positive trend, IMI shares are down 1.9% recently, alongside a reported and a return on equity of 23.85% from their latest earnings report.

Shares of IMI plc (LON:IMI - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,039.27 ($27.43) and traded as high as GBX 2,292 ($30.83). IMI shares last traded at GBX 2,253.38 ($30.31), with a volume of 513,998 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of IMI from GBX 2,500 to GBX 2,850 and gave the company an "overweight" rating in a research report on Tuesday, August 19th. Peel Hunt reissued a "buy" rating and issued a GBX 2,450 target price on shares of IMI in a research note on Friday, August 1st. Berenberg Bank increased their target price on shares of IMI from GBX 2,300 to GBX 2,550 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Jefferies Financial Group increased their target price on shares of IMI from GBX 2,490 to GBX 2,500 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, 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 research note on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 2,575.

IMI Stock Down 1.9%

The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The company's 50 day moving average is GBX 2,251.82 and its 200 day moving average is GBX 2,039.27. The company has a market cap of £5.55 billion, a PE ratio of 2,415.19, a P/E/G ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, analysts predict that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Luke Grant sold 271 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of GBX 2,301, for a total value of £6,235.71. In the last ninety days, insiders have acquired 267 shares of company stock valued at $606,254. Insiders own 1.10% of the company's stock.

IMI Company Profile

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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