IMI (LON:IMI) Given New GBX 2,960 Price Target at JPMorgan Chase & Co.

IMI (LON:IMI) had its price target lifted by JPMorgan Chase & Co. from GBX 2,850 to GBX 2,960 in a report published on Thursday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts also recently issued reports on the stock. Panmure Gordon reissued a “buy” rating and set a GBX 2,760 price target on shares of IMI in a report on Tuesday, November 25th. Berenberg Bank upped their price objective on shares of IMI from GBX 2,550 to GBX 2,900 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada lowered shares of IMI to a “sector perform” rating and increased their target price for the stock from GBX 2,475 to GBX 2,500 in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group lifted their price target on IMI from GBX 2,490 to GBX 2,500 and gave the company a “buy” rating in a research note on Thursday, August 7th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, IMI presently has an average rating of “Moderate Buy” and an average target price of GBX 2,670.71.

IMI Trading Up 0.7%

IMI stock opened at GBX 2,466 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.80 and a debt-to-equity ratio of 68.33. IMI has a 12 month low of GBX 1,555.96 and a 12 month high of GBX 2,572. The stock’s 50 day simple moving average is GBX 2,372.29 and its two-hundred day simple moving average is GBX 2,231.76. The firm has a market cap of £6.07 billion, a PE ratio of 26.43, a P/E/G ratio of 1.12 and a beta of 1.08.

Insider Buying and Selling at IMI

In related news, insider Ajai Puri purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were purchased at an average cost of GBX 2,235 per share, with a total value of £22,350. In the last three months, insiders have bought 1,038 shares of company stock worth $2,324,152. 1.10% of the stock is owned by corporate 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.