IMI (LON:IMI) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• IMI shares crossed above their 200-day moving average, reaching GBX 3,084 and last trading at GBX 3,068, compared with a 200-day average of GBX 2,861.96.
• Analyst sentiment is positive, with five Buy ratings and one Hold rating. IMI has a consensus “Moderate Buy” rating and an average price target of GBX 3,171.67.
• IMI reported quarterly EPS of GBX 63.40, a 14.09% net margin and a 32.41% return on equity; analysts expect full-year EPS of approximately GBX 137.97.

IMI plc (LON:IMI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,861.96 and traded as high as GBX 3,084. IMI shares last traded at GBX 3,068, with a volume of 970,090 shares.

Analysts Set New Price Targets

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

IMI Stock Performance

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 firm's 50-day moving average price is GBX 3,000.34 and its two-hundred day moving average price is GBX 2,861.96. The stock has a market cap of £7.25 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.12 and a beta of 1.04.

IMI (LON:IMI - Get Free Report) last issued its 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, analysts expect that IMI plc will post 137.9737609 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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