IMI (LON:IMI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of IMI plc (LON:IMI) passed 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 trading hands.

Wall Street Analyst Weigh In

IMI has been the subject of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,850 target price on shares of IMI in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a report on Monday, August 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 3,300 price objective on shares of IMI in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,380 price objective on shares of IMI in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,171.67.

IMI Stock Up 2.1%

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 has a market cap of £7.25 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.12 and a beta of 1.04. The business’s 50 day moving average price is GBX 2,975.14 and its 200 day moving average price is GBX 2,843.18.

IMI (LON:IMI) last posted its earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. On average, 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.