IMI (LON:IMI) Share Price Passes Above Two Hundred Day Moving Average of $1,657.30

IMI plc (LON:IMI)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,657.30 ($20.47) and traded as high as GBX 1,737 ($21.46). IMI shares last traded at GBX 1,725 ($21.31), with a volume of 455,237 shares.

Analyst Ratings Changes

IMI has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,150 ($26.56) price objective on shares of IMI in a research note on Thursday, February 29th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,950 ($24.09) price target on shares of IMI in a research note on Monday, March 4th.

IMI Stock Performance

The company has a debt-to-equity ratio of 72.33, a current ratio of 1.50 and a quick ratio of 0.80. The stock’s 50 day simple moving average is GBX 1,772.45 and its two-hundred day simple moving average is GBX 1,657.30. The stock has a market cap of £4.51 billion, a P/E ratio of 1,854.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13.

IMI Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, April 4th. This represents a yield of 1.11%. This is a positive change from IMI’s previous dividend of $9.10. IMI’s payout ratio is presently 3,010.75%.

Insider Buying and Selling at IMI

In other news, insider Roy Twite sold 57,067 shares of IMI stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of GBX 1,819 ($22.47), for a total value of £1,038,048.73 ($1,282,174.81). Insiders own 1.41% of the company’s stock.

About IMI

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.