IMI plc (LON:IMI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,977.60 ($26.75) and traded as high as GBX 2,280 ($30.84). IMI shares last traded at GBX 2,250 ($30.43), with a volume of 396,002 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on IMI. Royal Bank Of Canada upped their price target on shares of IMI from GBX 2,300 to GBX 2,475 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Berenberg Bank upped their price target on shares of IMI from GBX 2,300 to GBX 2,550 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of IMI from GBX 2,250 to GBX 2,625 and gave the stock a "buy" rating in a research report on Friday, August 1st. Jefferies Financial Group upped their price target on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Peel Hunt reaffirmed a "buy" rating and set a GBX 2,450 price target on shares of IMI in a research report on Friday, August 1st. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IMI has an average rating of "Buy" and a consensus target price of GBX 2,575.
Check Out Our Latest Stock Report 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 stock has a market cap of £5.91 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The business's fifty day simple moving average is GBX 2,169.18 and its 200 day simple moving average is GBX 1,987.36.
IMI (LON:IMI - Get Free Report) last issued 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%. Research analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.
Insiders Place Their Bets
In other IMI 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. Also, insider Jackie Callaway acquired 1,046 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was purchased at an average price of GBX 1,971 per share, for a total transaction of £20,616.66. Insiders acquired a total of 1,087 shares of company stock worth $2,149,212 in the last quarter. 1.52% of the stock is currently owned by company insiders.
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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