IMI (LON:IMI) Receives “Overweight” Rating from JPMorgan Chase & Co.

IMI (LON:IMI)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a GBX 2,450 ($33.45) target price on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.03% from the stock’s current price.

IMI Stock Up 1.6%

IMI opened at GBX 2,129.97 ($29.08) on Wednesday. IMI has a one year low of GBX 1,555.96 ($21.24) and a one year high of GBX 2,132 ($29.11). The company has a market cap of £5.40 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.12 and a beta of 1.08. The business’s fifty day moving average is GBX 1,965.39 and its two-hundred day moving average is GBX 1,906.95. The company has a debt-to-equity ratio of 68.33, a quick ratio of 0.80 and a current ratio of 1.36.

Insider Activity at IMI

In other IMI news, insider Jackie Callaway acquired 1,046 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of GBX 1,971 ($26.91) per share, with a total value of £20,616.66 ($28,145.61). In the last 90 days, insiders have bought 1,074 shares of company stock valued at $2,117,162. 1.52% of the stock is owned by 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.