IMI (LON:IMI) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of IMI plc (LON:IMI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,851.09 and traded as high as GBX 3,156. IMI shares last traded at GBX 3,124, with a volume of 1,951,048 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IMI shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,850 target price on shares of IMI in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,380 price objective on shares of IMI in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of IMI from GBX 3,050 to GBX 3,300 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and set 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 issued a Hold rating to the stock. According to data from MarketBeat, IMI has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,171.67.

IMI Price Performance

The firm’s fifty day moving average price is GBX 2,986.90 and its 200 day moving average price is GBX 2,852.91. 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 market cap of £7.39 billion, a PE ratio of 22.93, a P/E/G ratio of 1.12 and a beta of 1.04.

IMI (LON:IMI) last posted its 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%. As a group, equities analysts expect that IMI plc will post 137.9737609 EPS for the current fiscal 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.