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

IMI plc (LON:IMI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,514.43 and traded as high as GBX 2,750. IMI shares last traded at GBX 2,716, with a volume of 1,300,910 shares changing hands.

Analyst Ratings Changes

IMI has been the topic of a number of research analyst reports. Panmure Gordon reiterated a “buy” rating and set a GBX 2,760 price objective on shares of IMI in a research note on Tuesday, November 25th. JPMorgan Chase & Co. upped their target price on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

IMI Trading Down 3.2%

The firm has a market cap of £6.20 billion, a P/E ratio of 27.01, a P/E/G ratio of 1.12 and a beta of 1.05. The business’s 50-day moving average is GBX 2,763.59 and its two-hundred day moving average is GBX 2,516.94. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04.

IMI (LON:IMI) last issued its earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share (EPS) for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. As a group, analysts expect that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

Insider Transactions at IMI

In related news, insider Jamie Pike acquired 3,508 shares of IMI stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of GBX 2,848 per share, for a total transaction of £99,907.84. In the last ninety days, insiders purchased 3,540 shares of company stock worth $10,078,876. Insiders own 1.10% of the company’s stock.

About IMI

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.