IMI (LON:IMI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

IMI plc (LON:IMI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,737.32 and traded as high as GBX 2,968. IMI shares last traded at GBX 2,964, with a volume of 50,879,148 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 3,250 price target on shares of IMI in a research note on Wednesday, May 13th. JPMorgan Chase & Co. dropped their target price on shares of IMI from GBX 3,100 to GBX 3,050 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,772.86.

IMI Trading Down 0.2%

The business has a fifty day simple moving average of GBX 2,834.88 and a 200 day simple moving average of GBX 2,744.05. The stock has a market cap of £6.95 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.12 and a beta of 1.04. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50.

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.