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

IMI plc (LON:IMI) shares passed 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 trading hands.

Analysts Set New Price Targets

Several analysts have commented on IMI shares. Berenberg Bank reissued a “buy” rating and set a GBX 1,950 ($24.74) price target on shares of IMI in a research report on Monday, March 4th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,150 ($27.27) target price on shares of IMI in a research report on Thursday, February 29th.

IMI Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 72.33. The company has a market capitalization of £4.63 billion, a PE ratio of 1,917.20, a PEG ratio of 1.12 and a beta of 1.13. The business has a 50 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.