JPMorgan Chase & Co. Lowers IMI (LON:IMI) Price Target to GBX 3,100

IMI (LON:IMI) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from GBX 3,330 to GBX 3,100 in a note issued to investors on Wednesday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.17% from the stock’s current price.

IMI Price Performance

IMI stock opened at GBX 2,579.69 on Wednesday. The firm has a fifty day moving average of GBX 2,757.66 and a 200-day moving average of GBX 2,539.44. IMI has a 52-week low of GBX 1,555.96 and a 52-week high of GBX 3,848. The company has a quick ratio of 0.80, a current ratio of 1.50 and a debt-to-equity ratio of 58.04. The firm has a market capitalization of £6.35 billion, a P/E ratio of 27.65, a PEG ratio of 1.12 and a beta of 1.07.

IMI (LON:IMI) last posted its earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. As a group, analysts predict that IMI will post 137.9737609 EPS for the current year.

Insider Buying and Selling at IMI

In related news, insider Jamie Pike bought 3,508 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was bought at an average price of GBX 2,848 per share, with a total value of £99,907.84. Insiders bought a total of 3,540 shares of company stock valued at $10,078,876 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

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.