IMI (LON:IMI) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• IMI shares rose above their 200-day moving average of GBX 2,840.09, reaching GBX 3,062 before last trading at GBX 3,001.55 on heavy volume.
• Analyst sentiment remains positive: five analysts rate IMI a Buy and one a Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 3,171.67.
• IMI reported quarterly EPS of GBX 63.40, with a 14.09% net margin and 32.41% return on equity; analysts forecast full-year EPS of approximately GBX 137.97.

IMI plc (LON:IMI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,840.09 and traded as high as GBX 3,062. IMI shares last traded at GBX 3,001.55, with a volume of 70,813,016 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a "buy" rating in a research note on Monday, August 3rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 2,850 price target on shares of IMI in a report on Friday, July 31st. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,380 price objective on shares of IMI in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the stock an "overweight" rating in a research report on Wednesday, July 8th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 3,300 price objective on shares of IMI in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,171.67.

IMI Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30. The stock has a fifty day simple moving average of GBX 2,967.84 and a 200-day simple moving average of GBX 2,840.09. The company has a market capitalization of £7.12 billion, a P/E ratio of 22.12, a PEG ratio of 1.12 and a beta of 1.04.

IMI (LON:IMI - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. Equities analysts forecast that IMI plc will post 137.9737609 EPS for the current year.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges. Our solutions are a small part of our customers' systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact. Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source