IMI (LON:IMI) Given New GBX 3,300 Price Target at JPMorgan Chase & Co.

IMI (LON:IMI) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 3,050 to GBX 3,300 in a report issued on Wednesday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 20.53% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 3,250 price target on shares of IMI in a research report on Wednesday, May 13th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, IMI presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,808.57.

IMI Price Performance

LON:IMI opened at GBX 2,738 on Wednesday. IMI has a 52 week low of GBX 1,802.19 and a 52 week high of GBX 3,848. 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 firm’s 50-day simple moving average is GBX 2,836.04 and its 200 day simple moving average is GBX 2,752.96. The firm has a market cap of £6.48 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 1.12 and a beta of 1.05.

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