IMI (LON:IMI) Stock Price Breaks Above Two Hundred Day Moving Average – Time to Sell?

IMI plc (LON:IMI)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 2,888.87 and traded as high as GBX 2,950. IMI shares last traded at GBX 2,936, with a volume of 939,831 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IMI shares. Deutsche Bank upped their target price on IMI from GBX 3,440 to GBX 3,490 and gave the company a “buy” rating in a research note on Friday, October 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,585 price target on shares of IMI in a research note on Thursday, October 29th. Berenberg Bank restated a “buy” rating and issued a GBX 3,300 price target on shares of IMI in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,850 price objective on shares of IMI in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,214.17.

IMI Trading Down 0.8%

The firm has a market capitalization of £6.82 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 1.12 and a beta of 1.04. 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 business has a fifty day moving average price of GBX 2,997.07 and a 200 day moving average price of GBX 2,889.89.

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.