IMI (LON:IMI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of IMI plc (LON:IMI) 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 traded.

Analyst Upgrades and Downgrades

IMI has been the subject of several recent research reports. 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 issued a GBX 3,250 price objective on shares of IMI in a research note on Wednesday, May 13th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, IMI currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,772.86.

IMI Stock Performance

The firm has a market capitalization of £6.81 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The company’s 50 day moving average is GBX 2,755.26 and its 200-day moving average is GBX 2,675.23. The company has a quick ratio of 0.80, a current ratio of 1.50 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, equities analysts anticipate that IMI plc will post 137.9737609 EPS 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.