IMI plc (LON:IMI) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $964.62 and traded as high as $1,047.50. IMI shares last traded at $1,038.00, with a volume of 644,483 shares.
IMI has been the subject of several recent research reports. Deutsche Bank reiterated a “buy” rating and set a GBX 1,185 ($15.48) target price on shares of IMI in a research note on Monday, May 13th. Peel Hunt reiterated an “add” rating on shares of IMI in a research note on Thursday, May 9th. HSBC decreased their target price on shares of IMI from GBX 1,350 ($17.64) to GBX 1,225 ($16.01) and set a “buy” rating for the company in a research note on Monday, March 4th. Liberum Capital reiterated a “sell” rating on shares of IMI in a research note on Thursday, March 21st. Finally, Goldman Sachs Group upgraded shares of IMI to a “buy” rating and increased their target price for the stock from GBX 950 ($12.41) to GBX 1,180 ($15.42) in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. IMI has an average rating of “Hold” and an average target price of GBX 1,078.33 ($14.09).
The stock has a market capitalization of $2.82 billion and a PE ratio of 16.63. The business has a fifty day moving average price of GBX 966.03. The company has a quick ratio of 0.90, a current ratio of 1.37 and a debt-to-equity ratio of 80.56.
IMI plc designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Critical Engineering, IMI Precision Engineering, and IMI Hydronic Engineering. The IMI Critical Engineering division offers flow control solutions. It provides valve and actuator systems to LNG compression facilities; integrated flow control systems for fluid catalytic cracking application; valves into ethylene, polypropylene, and delayed coking production processes; actuation systems to operate industrial valves; and turbine by-pass valves for power plants.
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