IMI (LON:IMI) Shares Cross Above 200-Day Moving Average – What’s Next?

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 2,283.59 and traded as high as GBX 2,492. IMI shares last traded at GBX 2,472, with a volume of 131,552 shares.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IMI shares. JPMorgan Chase & Co. lifted their price objective on shares of IMI from GBX 2,850 to GBX 2,960 and gave the company an “overweight” rating in a report on Thursday, December 4th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,760 price target on shares of IMI in a research note on Tuesday, November 25th. Berenberg Bank boosted their price target on IMI from GBX 2,550 to GBX 2,900 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada downgraded IMI to a “sector perform” rating and raised their price objective for the stock from GBX 2,475 to GBX 2,500 in a report on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,670.71.

IMI Stock Down 0.5%

The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. The firm has a market cap of £6.09 billion, a PE ratio of 26.50, a P/E/G ratio of 1.12 and a beta of 1.08. The business’s 50-day simple moving average is GBX 2,420.71 and its 200 day simple moving average is GBX 2,283.59.

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.