IMI plc 1.8% Potential Upside Indicated by Societe Generale

Broker Ratings
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IMI plc using EPIC/TICKER code (LON:IMI) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ this morning by analysts at Societe Generale. IMI plc are listed in the Industrials sector within UK Main Market. Societe Generale have set a target price of 970 GBX on its stock. This now indicates the analyst believes there is a possible upside of 1.8% from today’s opening price of 953 GBX. Over the last 30 and 90 trading days the company share price has increased 4 points and increased 209 points respectively. The 52 week high for the share price is currently at 1214.5 GBX while the year low share price is currently 619.8 GBX.

IMI plc has a 50 day moving average of 900.93 GBX and a 200 Day Moving Average share price is recorded at 1,000.49. There are currently 272,214,348 shares in issue with the average daily volume traded being 564,449. Market capitalisation for LON:IMI is £2,579,230,947 GBP.

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    IMI plc reports a 7% increase in revenue and 12% growth in profit before tax for the year ending 31 December 2023. CEO Roy Twite highlights the company's purpose-led strategy and strong financial performance.

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