IMI (LON:IMI) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• IMI shares crossed above their 200-day moving average, reaching GBX 3,156 before last trading at GBX 3,124, compared with a 200-day average of GBX 2,851.09.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating, resulting in a consensus “Moderate Buy” rating and an average price target of GBX 3,171.67.
• IMI reported quarterly EPS of GBX 63.40, alongside a 32.41% return on equity and 14.09% net margin; analysts expect 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 Thursday . The stock has a 200-day moving average of GBX 2,851.09 and traded as high as GBX 3,156. IMI shares last traded at GBX 3,124, with a volume of 1,951,048 shares.

Analyst Upgrades and Downgrades

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

IMI Price Performance

The company has a 50 day moving average of GBX 2,985.42 and a 200 day moving average of GBX 2,851.09. The company has a debt-to-equity ratio of 80.30, a quick ratio of 0.80 and a current ratio of 1.30. The stock has a market capitalization of £7.41 billion, a price-to-earnings ratio of 23.02, a PEG 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 earnings per share (EPS) for the quarter. IMI had a return on equity of 32.41% and a net margin of 14.09%. As a group, equities research analysts anticipate 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.

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