IMI (LON:IMI) Given New GBX 2,000 Price Target at JPMorgan Chase & Co.

IMI (LON:IMIGet Rating) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from GBX 2,050 ($25.61) to GBX 2,000 ($24.98) in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 51.68% from the company’s current price.

Other research analysts have also issued reports about the company. Barclays restated an “overweight” rating and set a GBX 2,070 ($25.86) price target on shares of IMI in a research report on Monday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 2,000 ($24.98) price objective on shares of IMI in a research note on Wednesday, April 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of IMI in a research report on Wednesday, February 9th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 1,680.50 ($20.99).

IMI stock opened at GBX 1,318.56 ($16.47) on Friday. The stock has a market cap of £3.44 billion and a P/E ratio of 17.98. The company has a current ratio of 1.20, a quick ratio of 0.68 and a debt-to-equity ratio of 92.08. The company has a 50-day moving average price of GBX 1,360.29 and a 200 day moving average price of GBX 1,578.84. IMI has a 12-month low of GBX 1,150.09 ($14.37) and a 12-month high of GBX 1,878 ($23.46).

In related news, insider Daniel Shook sold 36,413 shares of the business’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of GBX 1,482 ($18.51), for a total transaction of £539,640.66 ($674,129.49). Also, insider Caroline Dowling purchased 1,300 shares of the stock in a transaction that occurred on Tuesday, March 1st. The stock was acquired at an average cost of GBX 1,433 ($17.90) per share, with a total value of £18,629 ($23,271.71). Over the last ninety days, insiders have bought 1,330 shares of company stock valued at $1,904,768.

IMI Company Profile (Get Rating)

IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering division develops motion and fluid control technologies for industrial automation, commercial vehicle, life sciences, energy, and rail applications.

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