IMI plc (LON:IMI – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,664.69 ($20.91) and traded as high as GBX 1,780.86 ($22.37). IMI shares last traded at GBX 1,765 ($22.17), with a volume of 368,956 shares.
Analyst Ratings Changes
IMI has been the subject of a number of recent analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,950 ($24.49) price objective on shares of IMI in a report on Monday, March 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,150 ($27.01) price target on shares of IMI in a research note on Thursday, February 29th.
Read Our Latest Analysis on IMI
IMI Stock Performance
IMI Increases Dividend
The firm also recently declared 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 (DPR) is currently 3,010.75%.
Insider Activity
In related news, insider Roy Twite sold 57,067 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of GBX 1,819 ($22.85), for a total transaction of £1,038,048.73 ($1,303,917.51). 1.41% of the stock is currently owned by company insiders.
About IMI
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.
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