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

Shares of IMI plc (LON:IMI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,839.27 ($23.85) and traded as high as GBX 2,070 ($26.84). IMI shares last traded at GBX 2,004 ($25.99), with a volume of 90,931,289 shares.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their target price on IMI from GBX 2,250 ($29.18) to GBX 2,400 ($31.12) and gave the stock an “outperform” rating in a research report on Monday, March 3rd.

IMI Stock Up 0.3 %

The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The firm’s 50-day moving average is GBX 1,931.35 and its 200 day moving average is GBX 1,841.34. The firm has a market capitalization of £5.03 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08.

IMI (LON:IMI) last announced its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.59) earnings per share (EPS) for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. As a group, research analysts forecast that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

IMI Company Profile

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.