IMI (LON:IMI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

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

Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,808.57.

IMI Stock Down 2.7%

Shares of IMI stock opened at GBX 2,738 on Wednesday. The firm has a market cap of £6.48 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.12 and a beta of 1.05. IMI has a one year low of GBX 1,802.19 and a one year high of GBX 3,848. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. The stock’s 50-day moving average is GBX 2,836.04 and its 200 day moving average is GBX 2,752.96.

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