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

Shares of IMI plc (LON:IMI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IMI. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,150 ($26.56) target price on shares of IMI in a research report on Thursday, February 29th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,950 ($24.09) target price on shares of IMI in a research report on Monday, March 4th.

IMI Stock Down 0.3 %

The company has a market capitalization of £4.51 billion, a PE ratio of 1,854.84, a P/E/G ratio of 1.12 and a beta of 1.13. 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 company has a 50-day moving average of GBX 1,772.45 and a two-hundred day moving average of GBX 1,657.30.

IMI Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be given a dividend of GBX 19.20 ($0.24) per share. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from IMI’s previous dividend of $9.10. This represents a yield of 1.11%. IMI’s payout ratio is 3,010.75%.

Insider Activity at IMI

In other IMI news, insider Roy Twite sold 57,067 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($22.47), for a total transaction of £1,038,048.73 ($1,282,174.81). 1.41% of the stock is owned by company 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.