IMI (LON:IMI) Earns "Overweight" Rating from JPMorgan Chase & Co.

IMI (LON:IMI - Get Free Report)'s stock had its "overweight" rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Wednesday, Marketbeat reports. They presently have a GBX 2,450 ($33.44) price objective on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 16.11% from the company's previous close.

IMI Price Performance

LON IMI traded down GBX 14 ($0.19) on Wednesday, reaching GBX 2,110 ($28.80). 429,258 shares of the company's stock traded hands, compared to its average volume of 1,400,796. 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 company has a debt-to-equity ratio of 68.33, a current ratio of 1.36 and a quick ratio of 0.80. The stock has a 50-day simple moving average of GBX 1,972.35 and a 200 day simple moving average of GBX 1,908.89. The stock has a market cap of £5.35 billion, a PE ratio of 21.62, a P/E/G ratio of 1.12 and a beta of 1.08.

Insider Buying and Selling

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