IMI plc 10.6% Potential Upside Indicated by UBS

Broker Ratings
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IMI plc with EPIC/TICKER (LON:IMI) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘NEUTRAL’ today by analysts at UBS. IMI plc are listed in the Industrials sector within UK Main Market. UBS have set their target price at 995 GBX on its stock. This now indicates the analyst believes there is a possible upside of 10.6% from today’s opening price of 900 GBX. Over the last 30 and 90 trading days the company share price has increased 37.5 points and increased 178.2 points respectively. The 1 year high share price is 1214.5 GBX while the 52 week low for the stock is 619.8 GBX.

IMI plc has a 50 day moving average of 873.92 GBX and a 200 Day Moving Average share price is recorded at 1,004.32. There are currently 272,210,381 shares in issue with the average daily volume traded being 593,759. Market capitalisation for LON:IMI is £2,515,223,920 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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