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

IMI plc (LON:IMI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,514.43 and traded as high as GBX 2,750. IMI shares last traded at GBX 2,716, with a volume of 1,300,910 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IMI shares. JPMorgan Chase & Co. boosted their price target on 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 restated a “buy” rating and set a GBX 2,760 price objective on shares of IMI in a report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, IMI has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,670.71.

IMI Stock Performance

The company has a market cap of £6.69 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 58.04. The stock’s 50 day moving average price is GBX 2,765.75 and its 200 day moving average price is GBX 2,514.43.

IMI (LON:IMI) last released 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%. On average, analysts expect that IMI plc will post 137.9737609 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jamie Pike purchased 3,508 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of GBX 2,848 per share, for a total transaction of £99,907.84. Insiders have purchased a total of 3,540 shares of company stock worth $10,078,876 over the last quarter. Company insiders own 1.10% of the company’s stock.

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.