IMI plc 16.2% potential upside indicated by Barclays

IMI plc with ticker (LON:IMI) now has a potential upside of 16.2% according to Barclays.



Barclays set a target price of 2,070 GBX for the company, which when compared to the IMI plc share price of 1,735 GBX at opening today (02/12/2021) indicates a potential upside of 16.2%. Trading has ranged between 1,089 (52 week low) and 1,878 (52 week high) with an average of 690,444 shares exchanging hands daily. The market capitalisation at the time of writing is £4,522,704,310.

IMI plc is a United Kingdom-based engineering company. The Company is principally engaged in designing, manufacturing and serving engineered products that control the precise movement of fluids. The Company operates through IMI Critical Engineering, IMI precision engineering and IMI hydronic engineering segments. The IMI critical engineering segment provides flow control solutions that enable vital energy and process industries to operate competently. The IMI precision engineering segment specializes in developing motion and fluid control technologies for applications where precision, speed and reliability are essential. The IMI hydronic engineering segment is engaged in designing and manufacturing technologies that delivers heating and cooling systems to the residential and commercial building sectors. Its brands include Norgren, Buschjost, Herion, Kloehn, Maxseal, Thompson Valves, IMI Fluid Kinetics, IMI InterAtiva, IMI Remosa, IMI Truflo Marine, IMI Pneumatex and IMI Heimeier.