IMI (LON:IMI) Stock Passes Above 200-Day Moving Average of $1,664.69

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 1,664.69 ($20.91) and traded as high as GBX 1,780.86 ($22.37). IMI shares last traded at GBX 1,765 ($22.17), with a volume of 368,956 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on IMI. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,950 ($24.49) price objective on shares of IMI in a research note on Monday, March 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 2,150 ($27.01) price target on shares of IMI in a research report on Thursday, February 29th.

IMI Stock Up 0.3 %

The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 72.33. The company has a fifty day simple moving average of GBX 1,772.03 and a 200-day simple moving average of GBX 1,667.14. The firm has a market cap of £4.61 billion, a P/E ratio of 1,897.85, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13.

IMI Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be paid a dividend of GBX 19.20 ($0.24) per share. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from IMI’s previous dividend of $9.10. This represents a dividend yield of 1.11%. IMI’s payout ratio is 3,010.75%.

Insiders Place Their Bets

In other news, insider Roy Twite sold 57,067 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of GBX 1,819 ($22.85), for a total transaction of £1,038,048.73 ($1,303,917.51). 1.41% of the stock is owned by company insiders.

IMI Company Profile

IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.