IMI (LON:IMI) Stock Crosses Above 200-Day Moving Average – Time to Sell?

IMI plc (LON:IMI)’s share price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 2,878.05 and traded as high as GBX 2,920. IMI shares last traded at GBX 2,914, with a volume of 574,670 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on IMI. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,585 price target on shares of IMI in a research note on Thursday. 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. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,850 price objective on shares of IMI in a research note on Friday, July 31st. Berenberg Bank restated a “buy” rating and set a GBX 3,300 target price on shares of IMI in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft 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. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,214.17.

IMI Stock Performance

The firm has a market capitalization of £6.74 billion, a P/E ratio of 21.16, 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 current ratio of 1.30 and a quick ratio of 0.80. The firm has a 50-day moving average price of GBX 3,035.35 and a two-hundred day moving average price of GBX 2,880.71.

IMI (LON:IMI) last posted its quarterly 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 forecast that IMI plc will post 137.97 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.