IMI (LON:IMI) Share Price Breaks Above 200 Day Moving Average - Time to Sell?

Key Points

• IMI shares rose above their 200-day moving average, reaching GBX 2,920 and last trading at GBX 2,914, up 0.3%. The stock’s 200-day average is GBX 2,878.05, while its 50-day average is higher at GBX 3,039.18.
• Analysts remain broadly positive, with five Buy ratings and one Hold. IMI has a “Moderate Buy” consensus rating and an average price target of GBX 3,171.67, implying potential upside from the latest price.
• The company reported quarterly EPS of GBX 63.40, a 14.09% net margin and 32.41% return on equity. IMI has a £6.84 billion market capitalization and analysts expect full-year EPS of GBX 137.97.

IMI plc (LON:IMI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 2,878.05 and traded as high as GBX 2,920. IMI shares last traded at GBX 2,914, with a volume of 574,670 shares traded.

Analyst Upgrades and Downgrades

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

IMI Stock Up 0.3%

The company has a market capitalization of £6.84 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04. The company's fifty day moving average is GBX 3,039.18 and its 200-day moving average is GBX 2,878.05. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30.

IMI (LON:IMI - Get Free Report) last issued its quarterly 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%. As a group, analysts predict that IMI plc will post 137.97 EPS for the current fiscal year.

IMI Company Profile

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.

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