IMI (LON:IMI) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

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 2,869.04 and traded as high as GBX 3,058. IMI shares last traded at GBX 3,046, with a volume of 446,252 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on IMI. JPMorgan Chase & Co. upped their price target on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Jefferies Financial Group restated a “buy” rating and set a GBX 3,380 price objective on shares of IMI in a research report on Friday, July 31st. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,850 target price on shares of IMI in a research note on Friday, July 31st. Berenberg Bank reiterated a “buy” rating and set a GBX 3,300 price target on shares of IMI in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of IMI from GBX 3,250 to GBX 3,440 and gave the stock a “buy” rating in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, IMI presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,171.67.

IMI Price Performance

The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 80.30. The stock has a fifty day moving average of GBX 3,025.31 and a two-hundred day moving average of GBX 2,870.48. The stock has a market cap of £7.31 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.04.

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

IMI Company Profile

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.