IMI (LON:IMI) Given New GBX 3,100 Price Target at JPMorgan Chase & Co.

IMI (LON:IMI) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from GBX 3,330 to GBX 3,100 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 18.48% from the company’s previous close.

IMI Stock Performance

LON:IMI traded up GBX 86.46 during trading on Wednesday, reaching GBX 2,616.46. The company’s stock had a trading volume of 951,847 shares, compared to its average volume of 14,853,315. The firm has a market cap of £6.44 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. The firm has a 50 day moving average of GBX 2,761.45 and a 200-day moving average of GBX 2,538.62. IMI has a 12 month low of GBX 1,555.96 and a 12 month high of GBX 3,848.

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

Insider Buying and Selling

In related news, insider Jamie Pike bought 3,508 shares of the company’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of GBX 2,848 per share, for a total transaction of £99,907.84. Insiders have bought a total of 3,540 shares of company stock valued at $10,078,876 over the last 90 days. Insiders own 1.10% of the company’s stock.

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.