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

IMI plc (LON:IMI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,675.23 and traded as high as GBX 2,840. IMI shares last traded at GBX 2,832, with a volume of 1,966,566 shares trading hands.

Analyst Upgrades and Downgrades

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

IMI Stock Up 1.1%

The stock’s fifty day simple moving average is GBX 2,755.26 and its 200-day simple moving average is GBX 2,675.23. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. The stock has a market cap of £6.81 billion, a P/E ratio of 22.88, a P/E/G ratio of 1.12 and a beta of 1.05.

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

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.