IMI (LON:IMI) Share Price Crosses Above 200-Day Moving Average – Here’s Why

IMI plc (LON:IMI)’s share price crossed 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.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IMI. JPMorgan Chase & Co. decreased their price target on shares of IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,250 price target on shares of IMI in a research report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,772.86.

IMI Trading Up 1.1%

The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The business’s 50-day simple moving average is GBX 2,755.26 and its two-hundred day simple moving average is GBX 2,675.23. The company has a market capitalization of £6.74 billion, a PE ratio of 22.88, a PEG 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 net margin of 14.33% and a return on equity of 24.91%. On average, analysts predict that IMI plc will post 137.9737609 earnings per share for the current 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.