IMI (LON:IMI) Given New GBX 2,500 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised IMI's price target from GBX 2,450 to GBX 2,500, suggesting a potential upside of 16.50% from the previous close.
• Other analysts, including the Royal Bank Of Canada and Deutsche Bank, have also increased their price targets for IMI, indicating a positive outlook on the stock's performance.
• Despite these upgrades, IMI's stock was down 1.4% as of the latest trading session, opening at GBX 2,146.

IMI (LON:IMI - Get Free Report) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from GBX 2,450 ($32.53) to GBX 2,500 ($33.20) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 16.50% from the stock's previous close.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada raised their price target on IMI from GBX 2,300 ($30.54) to GBX 2,475 ($32.86) and gave the stock an "outperform" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on IMI from GBX 2,250 ($29.88) to GBX 2,625 ($34.86) and gave the stock a "buy" rating in a research report on Friday.

IMI Stock Down 1.4%

IMI opened at GBX 2,146 ($28.50) on Monday. IMI has a fifty-two week low of GBX 1,555.96 ($20.66) and a fifty-two week high of GBX 2,272 ($30.17). The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36. The company has a market capitalization of £5.44 billion, a P/E ratio of 21.99, a P/E/G ratio of 1.12 and a beta of 1.08. The stock has a fifty day moving average of GBX 2,089.71 and a 200-day moving average of GBX 1,956.78.

IMI (LON:IMI - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported GBX 56.10 ($0.74) earnings per share for the quarter. IMI had a return on equity of 23.85% and a net margin of 11.46%. On average, equities analysts expect that IMI will post 137.9737609 EPS for the current year.

Insider Buying and Selling at IMI

In other news, insider Jackie Callaway purchased 1,046 shares of IMI stock in a transaction dated Tuesday, June 3rd. The shares were bought at an average cost of GBX 1,971 ($26.17) per share, for a total transaction of £20,616.66 ($27,375.73). Insiders bought 1,087 shares of company stock worth $2,144,228 in the last quarter. Insiders own 1.52% of the company's stock.

About IMI

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.

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