IMI (LON:IMI) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

IMI plc (LON:IMI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,784.36 and traded as high as GBX 3,038. IMI shares last traded at GBX 3,019.16, with a volume of 474,310 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on IMI. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,250 target price on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price target on IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 2,808.57.

IMI Trading Up 1.4%

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’s 50-day simple moving average is GBX 2,857.57 and its 200 day simple moving average is GBX 2,784.36. The stock has a market capitalization of £7.15 billion, a P/E ratio of 24.39, a PEG ratio of 1.12 and a beta of 1.05.

About IMI

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.