IMI (LON:IMI) Stock Crosses Above Two Hundred Day Moving Average of $1,649.96

IMI plc (LON:IMI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,649.96 ($20.54) and traded as high as GBX 1,747.43 ($21.75). IMI shares last traded at GBX 1,718 ($21.39), with a volume of 342,299 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on IMI. Berenberg Bank reissued a “buy” rating and issued a GBX 1,950 ($24.27) target price on shares of IMI in a research report on Monday, March 4th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,150 ($26.76) target price on shares of IMI in a research report on Thursday, February 29th.

IMI Stock Down 0.6 %

The business has a 50-day moving average price of GBX 1,770.19 and a two-hundred day moving average price of GBX 1,650.58. 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 firm has a market cap of £4.52 billion, a PE ratio of 1,855.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13.

IMI Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Stockholders of record on Thursday, April 4th will be given a dividend of GBX 19.20 ($0.24) per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 1.11%. This is a positive change from IMI’s previous dividend of $9.10. IMI’s dividend payout ratio is currently 3,010.75%.

Insider Transactions at IMI

In other 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 ($22.64), for a total transaction of £1,038,048.73 ($1,292,230.46). Corporate 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.