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

IMI plc (LON:IMI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,861.96 and traded as high as GBX 3,084. IMI shares last traded at GBX 3,068, with a volume of 970,090 shares trading hands.

Wall Street Analyst Weigh In

IMI has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,380 price target on shares of IMI in a report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,850 price objective on shares of IMI in a report on Friday, July 31st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 3,300 target price on shares of IMI in a report on Wednesday, August 5th. Five investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

IMI Stock Up 0.6%

The business has a fifty day moving average of GBX 3,000.34 and a 200 day moving average of GBX 2,861.96. The company has a market capitalization of £7.25 billion, a PE ratio of 22.61, a PEG ratio of 1.12 and a beta of 1.04. The company has a current ratio of 1.30, a quick ratio of 0.80 and a debt-to-equity ratio of 80.30.

IMI (LON:IMI) last issued its quarterly earnings results on Friday, July 31st. The company reported GBX 63.40 earnings per share (EPS) for the quarter. IMI had a net margin of 14.09% and a return on equity of 32.41%. Equities research analysts anticipate that IMI plc will post 137.9737609 EPS for the current year.

About IMI

IMI is a global leader in fluid and motion control, engineering bespoke solutions that enhance safety, productivity and sustainability across critical industries in energy, automation and healthcare. We work in close partnership with customers to design, build and service high-performance valves, actuators and control systems that solve complex engineering challenges.

Our solutions are a small part of our customers’ systems – but they play a critical role in how those systems perform. By combining deep technical expertise with real customer insight, we deliver solutions that are precisely engineered for impact.

Through our One IMI model, we combine commercial excellence, market-led innovation and continuous improvement to scale what works across the business.