IMI (LON:IMI) Share Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• IMI shares rose above their 200-day moving average, reaching GBX 3,058 and last trading at GBX 3,046, up 1.7%. The 200-day moving average was GBX 2,869.04.
• Analyst sentiment remains favorable: five analysts rate IMI a Buy and one rates it 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. The company has a £7.20 billion market capitalization and analysts expect approximately GBX 137.97 in full-year EPS.

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 2,869.04 and traded as high as GBX 3,058. IMI shares last traded at GBX 3,046, with a volume of 446,252 shares.

Analyst Upgrades and Downgrades

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

IMI Trading Up 1.7%

The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30. The stock has a 50-day simple moving average of GBX 3,019.75 and a two-hundred day simple moving average of GBX 2,869.04. The firm has a market capitalization of £7.20 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04.

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