IMI plc (LON:IMI – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,649.96 ($20.54) and traded as high as GBX 1,747.43 ($21.75). IMI shares last traded at GBX 1,718 ($21.39), with a volume of 342,299 shares.
Analyst Ratings Changes
IMI has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,950 ($24.27) price objective on shares of IMI in a research note on Monday, March 4th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,150 ($26.76) target price on shares of IMI in a research note on Thursday, February 29th.
Get Our Latest Analysis on IMI
IMI Stock Down 1.0 %
IMI Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be paid a GBX 19.20 ($0.24) dividend. This is a positive change from IMI’s previous dividend of $9.10. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 1.11%. IMI’s dividend payout ratio is currently 3,010.75%.
Insider Transactions at IMI
In other IMI news, insider Roy Twite sold 57,067 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($22.64), for a total transaction of £1,038,048.73 ($1,292,230.46). 1.41% of the stock is owned by corporate insiders.
IMI Company Profile
IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.
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