IMI (LON:IMI) Share Price Crosses Above Two Hundred Day Moving Average of $1,716.73

IMI plc (LON:IMIGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,716.73 ($21.93) and traded as high as GBX 1,881 ($24.02). IMI shares last traded at GBX 1,877 ($23.97), with a volume of 364,896 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 1,950 ($24.90) price target on shares of IMI in a research report on Monday, March 4th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,150 ($27.46) target price on shares of IMI in a report on Thursday, February 29th.

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IMI Trading Up 1.1 %

The firm has a market capitalization of £4.88 billion, a price-to-earnings ratio of 2,018.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. The business’s 50 day moving average price is GBX 1,811.18 and its 200-day moving average price is GBX 1,716.73. The company has a debt-to-equity ratio of 72.33, a current ratio of 1.50 and a quick ratio of 0.80.

Insider Buying and Selling at IMI

In related news, insider Roy Twite sold 57,067 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of GBX 1,819 ($23.23), for a total transaction of £1,038,048.73 ($1,325,732.73). 1.50% of the stock is owned by corporate insiders.

About IMI

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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.

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