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

IMI plc (LON:IMI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,784.36 and traded as high as GBX 3,038. IMI shares last traded at GBX 3,019.16, with a volume of 474,310 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IMI shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,250 price target on shares of IMI in a report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price objective on IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,808.57.

IMI Stock Up 1.4%

The firm has a market capitalization of £7.15 billion, a price-to-earnings ratio of 24.39, a P/E/G ratio of 1.12 and a beta of 1.05. The stock has a 50 day moving average of GBX 2,857.57 and a 200 day moving average of GBX 2,784.36. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04.

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.