IMI’s (IMI) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of IMI (LON:IMI) in a research report report published on Wednesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has a GBX 2,450 ($33.46) price target on the stock.

IMI Stock Up 0.7%

Shares of LON IMI opened at GBX 2,110 ($28.81) on Wednesday. The stock has a market capitalization of £5.35 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. IMI has a 52 week low of GBX 1,555.96 ($21.25) and a 52 week high of GBX 2,128 ($29.06). The firm has a 50-day moving average price of GBX 1,957.97 and a 200 day moving average price of GBX 1,905.07. The company has a quick ratio of 0.80, a current ratio of 1.36 and a debt-to-equity ratio of 68.33.

Insider Activity at IMI

In other news, insider Jackie Callaway purchased 1,046 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was acquired at an average price of GBX 1,971 ($26.92) per share, for a total transaction of £20,616.66 ($28,153.30). Over the last 90 days, insiders purchased 1,074 shares of company stock worth $2,117,162. 1.52% of the stock is owned by insiders.

About IMI

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.