IMI (LON:IMI) Price Target Cut to GBX 3,050 by Analysts at JPMorgan Chase & Co.

IMI (LON:IMI – Get Free Report) had its price target decreased by research analysts at JPMorgan Chase & Co. from GBX 3,100 to GBX 3,050 in a report issued on Wednesday,Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 13.64% from the company’s current price.

IMI Price Performance

Shares of IMI stock opened at GBX 2,684 on Wednesday. The stock has a market cap of £6.45 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 58.04, a quick ratio of 0.80 and a current ratio of 1.50. The stock’s fifty day moving average is GBX 2,739.70 and its 200 day moving average is GBX 2,634.49. IMI has a one year low of GBX 1,802.19 and a one year high of GBX 3,848.

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IMI (LON:IMI – Get Free Report) last posted its quarterly earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. Sell-side analysts anticipate that IMI will post 137.9737609 earnings per share for the current year.

Insider Transactions at IMI

In other news, insider Jamie Pike acquired 3,508 shares of the company’s stock in a transaction on Friday, March 6th. The stock was bought at an average cost of GBX 2,848 per share, with a total value of £99,907.84. Insiders acquired 3,540 shares of company stock valued at $10,080,790 in the last ninety days. 1.10% of the stock is owned by company insiders.

About IMI

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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. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.

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