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

IMI plc (LON:IMI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,663.81 and traded as high as GBX 2,806. IMI shares last traded at GBX 2,772, with a volume of 861,285 shares changing hands.

Wall Street Analysts Forecast Growth

IMI has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,250 price objective on shares of IMI in a report on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,772.86.

IMI Price Performance

The stock has a fifty day moving average price of GBX 2,737.82 and a 200 day moving average price of GBX 2,663.81. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. The stock has a market capitalization of £6.66 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.

IMI (LON:IMI) last posted its quarterly earnings results on Friday, March 6th. The company reported GBX 132.30 EPS for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. On average, research analysts forecast that IMI plc will post 137.9737609 earnings per share for the current year.

Insider Transactions at IMI

In other IMI news, insider Jamie Pike acquired 3,508 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of GBX 2,848 per share, with a total value of £99,907.84. Insiders acquired a total of 3,540 shares of company stock worth $10,080,790 over the last three months. 1.10% of the stock is currently owned by company insiders.

IMI Company Profile

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.