IMI (LON:IMI) Stock Passes Above 200 Day Moving Average - Time to Sell?

Shares of IMI plc (LON:IMI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,894.85 ($26.00) and traded as high as GBX 2,062 ($28.30). IMI shares last traded at GBX 2,024 ($27.78), with a volume of 594,346 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upped their price objective on shares of IMI from GBX 2,250 ($30.88) to GBX 2,400 ($32.94) and gave the stock an "outperform" rating in a report on Monday, March 3rd.

IMI Stock 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 company has a market cap of £5.32 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.12 and a beta of 1.08. The firm has a 50 day moving average price of GBX 1,926.09 and a 200-day moving average price of GBX 1,898.49.

Insiders Place Their Bets

In other news, insider Jackie Callaway purchased 1,046 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average price of GBX 1,971 ($27.05) per share, with a total value of £20,616.66 ($28,292.38). Insiders purchased 1,074 shares of company stock valued at $2,117,162 over the last 90 days. 1.52% of the stock is currently owned by company 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.