IMI (LON:IMI) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

IMI plc (LON:IMI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,528.94 and traded as high as GBX 2,706. IMI shares last traded at GBX 2,680, with a volume of 1,945,729 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their target price on IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,670.71.

IMI Stock Performance

The business has a 50-day moving average price of GBX 2,765.99 and a 200-day moving average price of GBX 2,528.94. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The firm has a market capitalization of £6.60 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 1.12 and a beta of 1.05.

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

Insider Buying and Selling

In related news, insider Jamie Pike bought 3,508 shares of the company’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of GBX 2,848 per share, with a total value of £99,907.84. In the last ninety days, insiders have purchased 3,540 shares of company stock valued at $10,078,876. 1.10% of the stock is 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.