IMI (LON:IMI) Stock Price Passes Above 200-Day Moving Average of $1,742.86

IMI plc (LON:IMI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,742.86 ($22.15) and traded as high as GBX 1,806 ($22.95). IMI shares last traded at GBX 1,789 ($22.73), with a volume of 322,711 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IMI. Royal Bank of Canada restated an “outperform” rating and set a GBX 2,150 ($27.32) price target on shares of IMI in a research note on Thursday, February 29th. Berenberg Bank reissued a “buy” rating and set a GBX 1,950 ($24.78) target price on shares of IMI in a research note on Monday, March 4th.

IMI Stock Performance

The stock has a market capitalization of £4.65 billion, a PE ratio of 1,923.66, 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 quick ratio of 0.80 and a current ratio of 1.50. The firm’s 50 day moving average is GBX 1,816.14 and its two-hundred day moving average is GBX 1,742.86.

Insider Transactions at IMI

In other IMI news, insider Roy Twite sold 57,067 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($23.11), for a total value of £1,038,048.73 ($1,318,994.57). Over the last 90 days, insiders have purchased 20 shares of company stock valued at $36,766. 1.50% of the stock is currently owned by company insiders.

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.