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

Shares of IMI plc (LON:IMI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,441.52 and traded as high as GBX 2,876. IMI shares last traded at GBX 2,874, with a volume of 939,686 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IMI. Panmure Gordon reissued a “buy” rating and issued a GBX 2,760 target price on shares of IMI in a report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Berenberg Bank raised their target price on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

IMI Price Performance

The stock has a fifty day moving average of GBX 2,644.55 and a two-hundred day moving average of GBX 2,441.52. The stock has a market cap of £7.06 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

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.