IMI plc 11.9% Potential Upside Indicated by Exane BNP Paribas

Broker Ratings
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IMI plc using EPIC/TICKER code (LON:IMI) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Exane BNP Paribas. IMI plc are listed in the Industrials sector within UK Main Market. Exane BNP Paribas have set their target price at 1275 GBX on its stock. This now indicates the analyst believes there is a possible upside of 11.9% from today’s opening price of 1139 GBX. Over the last 30 and 90 trading days the company share price has increased 106.5 points and increased 144.6 points respectively. The 1 year high for the stock price is 1157 GBX while the 52 week low for the stock is 867.5 GBX.

IMI plc has a 50 day moving average of 1,028.26 GBX and a 200 Day Moving Average share price is recorded at 1,009.01. There are currently 88,705,915 shares in issue with the average daily volume traded being 710,525. Market capitalisation for LON:IMI is £3,089,392,445 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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