IMI (LON:IMI) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Shares of IMI plc (LON:IMI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,826.87 ($23.37) and traded as high as GBX 1,897 ($24.27). IMI shares last traded at GBX 1,892.89 ($24.22), with a volume of 522,892 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their price objective on shares of IMI from GBX 2,250 ($28.78) to GBX 2,400 ($30.70) and gave the stock an "outperform" rating in a research report on Monday.

IMI Stock Performance

The company has a market capitalization of £5.04 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The firm has a fifty day simple moving average of GBX 1,908.70 and a 200 day simple moving average of GBX 1,832.56. The company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80.

IMI (LON:IMI - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The company reported GBX 122.50 ($1.57) earnings per share (EPS) for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. On average, analysts anticipate that IMI plc will post 137.9737609 earnings per share for the current fiscal year.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network.