IMI (LON:IMI) Price Target Raised to GBX 2,850

IMI (LON:IMI) had its price objective lifted by JPMorgan Chase & Co. from GBX 2,500 to GBX 2,850 in a research report report published on Tuesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

IMI has been the topic of several other reports. Berenberg Bank lifted their target price on IMI from GBX 2,300 to GBX 2,550 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada lifted their price objective on shares of IMI from GBX 2,300 to GBX 2,475 and gave the company an “outperform” rating in a research report on Friday, August 1st. Peel Hunt restated a “buy” rating and set a GBX 2,450 price objective on shares of IMI in a research report on Friday, August 1st. Jefferies Financial Group raised their target price on shares of IMI from GBX 2,490 to GBX 2,500 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of IMI from GBX 2,250 to GBX 2,625 and gave the company a “buy” rating in a report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 2,575.

IMI Stock Down 0.4%

Shares of LON:IMI opened at GBX 2,304 on Tuesday. IMI has a 1-year low of GBX 1,555.96 and a 1-year high of GBX 2,320. 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 market cap of £5.84 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.12 and a beta of 1.08. The firm has a fifty day moving average price of GBX 2,163.52 and a 200 day moving average price of GBX 1,984.65.

IMI (LON:IMI) last announced its earnings results on Friday, August 1st. The company reported GBX 56.10 EPS for the quarter. IMI had a net margin of 11.46% and a return on equity of 23.85%. Sell-side analysts predict that IMI will post 137.9737609 EPS for the current year.

Insider Buying and Selling at IMI

In other IMI news, insider Luke Grant sold 271 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of GBX 2,301, for a total transaction of £6,235.71. Also, insider Jackie Callaway acquired 1,046 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were bought at an average cost of GBX 1,971 per share, for a total transaction of £20,616.66. Insiders acquired 1,087 shares of company stock worth $2,149,212 in the last three months. 1.52% 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.