IMI's (IMI) "Overweight" Rating Reiterated at JPMorgan Chase & Co.

IMI (LON:IMI - Get Free Report)'s stock had its "overweight" rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 2,450 ($33.44) price target on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 15.03% from the stock's current price.

IMI Trading Up 1.6%

LON IMI traded up GBX 33.97 ($0.46) on Wednesday, reaching GBX 2,129.97 ($29.07). The stock had a trading volume of 1,019,140 shares, compared to its average volume of 1,400,796. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33. The stock has a fifty day moving average price of GBX 1,972.35 and a two-hundred day moving average price of GBX 1,908.89. IMI has a 12-month low of GBX 1,555.96 ($21.24) and a 12-month high of GBX 2,132 ($29.10). The firm has a market capitalization of £5.40 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.12 and a beta of 1.08.

Insider Activity

In other news, insider Jackie Callaway bought 1,046 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of GBX 1,971 ($26.90) per share, for a total transaction of £20,616.66 ($28,137.93). In the last quarter, insiders acquired 1,074 shares of company stock valued at $2,117,162. 1.52% of the stock is currently owned by insiders.

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.