IMI (LON:IMI) Shares Pass Above 200 Day Moving Average – Should You Sell?

IMI plc (LON:IMI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,663.81 and traded as high as GBX 2,806. IMI shares last traded at GBX 2,772, with a volume of 861,285 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IMI shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 3,250 price target on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. cut their price target on 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 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, IMI has an average rating of “Moderate Buy” and a consensus price target of GBX 2,772.86.

IMI Price Performance

The stock has a fifty day moving average of GBX 2,739.14 and a 200-day moving average of GBX 2,664.64. 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 £6.69 billion, a P/E ratio of 22.47, a PEG ratio of 1.12 and a beta of 1.05.

IMI (LON:IMI) last announced its quarterly earnings data on Friday, March 6th. The company reported GBX 132.30 EPS for the quarter. IMI had a return on equity of 24.91% and a net margin of 14.33%. Equities analysts predict that IMI plc will post 137.9737609 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jamie Pike acquired 3,508 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of GBX 2,848 per share, for a total transaction of £99,907.84. Insiders bought 3,540 shares of company stock valued at $10,080,790 in the last three months. 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.