IMI (LON:IMI) Stock Price Passes Above 200-Day Moving Average of $1,657.30

Shares of IMI plc (LON:IMI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,657.30 ($20.47) and traded as high as GBX 1,737 ($21.46). IMI shares last traded at GBX 1,725 ($21.31), with a volume of 455,237 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IMI. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,950 ($24.09) price objective on shares of IMI in a research note on Monday, March 4th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,150 ($26.56) target price on shares of IMI in a report on Thursday, February 29th.

IMI Stock Up 1.2 %

The firm has a market capitalization of £4.57 billion, a price-to-earnings ratio of 1,877.42, a P/E/G ratio of 1.12 and a beta of 1.13. The company has a current ratio of 1.50, a quick ratio of 0.80 and a debt-to-equity ratio of 72.33. The firm has a fifty day moving average price of GBX 1,771.99 and a 200 day moving average price of GBX 1,659.01.

IMI Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be issued a GBX 19.20 ($0.24) dividend. This is an increase from IMI’s previous dividend of $9.10. This represents a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 4th. IMI’s payout ratio is presently 3,010.75%.

Insiders Place Their Bets

In other IMI news, insider Roy Twite sold 57,067 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($22.47), for a total transaction of £1,038,048.73 ($1,282,174.81). Company insiders own 1.41% of the company’s stock.

IMI Company Profile

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.