IMI plc (LON:IMI – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,784.36 and traded as high as GBX 3,038. IMI shares last traded at GBX 3,019.16, with a volume of 474,310 shares changing hands.
Wall Street Analysts Forecast Growth
IMI has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of IMI from GBX 3,050 to GBX 3,300 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,250 price target on shares of IMI in a report on Wednesday, May 13th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,808.57.
Get Our Latest Stock Report on IMI
IMI Stock Up 0.9%
IMI Company Profile
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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.
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