IMI (LON:IMI) Stock Crosses Above Two Hundred Day Moving Average of $1,749.91

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 1,749.91 ($22.20) and traded as high as GBX 1,795 ($22.77). IMI shares last traded at GBX 1,783 ($22.62), with a volume of 312,197 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IMI. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,950 ($24.74) price objective on shares of IMI in a research note on Monday, March 4th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 2,150 ($27.27) price target on shares of IMI in a report on Thursday, February 29th.

IMI Price Performance

The stock has a market capitalization of £4.63 billion, a P/E ratio of 1,917.20, a PEG 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 business has a fifty day simple moving average of GBX 1,819.69 and a 200-day simple moving average of GBX 1,749.91.

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.