IMI (LON:IMI) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

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IMI plc (LON:IMI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,977.60 ($26.53) and traded as high as GBX 2,280 ($30.59). IMI shares last traded at GBX 2,250 ($30.19), with a volume of 396,002 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on IMI. Peel Hunt reissued a "buy" rating and set a GBX 2,450 price target on shares of IMI 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 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. JPMorgan Chase & Co. raised their target price 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. Finally, Royal Bank Of Canada raised their price target 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. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 2,575.

IMI Stock Performance

The company has a market cap of £5.91 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm's fifty day moving average is GBX 2,163.52 and its 200 day moving average is GBX 1,984.65. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33.

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

Insider Buying and Selling at IMI

In other news, insider Jackie Callaway purchased 1,046 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were purchased 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 business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of GBX 2,301, for a total transaction of £6,235.71. In the last ninety days, insiders have acquired 1,087 shares of company stock worth $2,149,212. 1.52% of the stock is currently owned by corporate insiders.

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.