IMI plc 17.4% Potential Upside Indicated by Morgan Stanley

Broker Ratings
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IMI plc with EPIC/TICKER (LON:IMI) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Morgan Stanley. IMI plc are listed in the Industrials sector within UK Main Market. Morgan Stanley have set a target price of 980 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 17.4% from today’s opening price of 835 GBX. Over the last 30 and 90 trading days the company share price has increased 28 points and decreased 284 points respectively. The 1 year high for the share price is 1214.5 GBX while the 52 week low is 619.8 GBX.

IMI plc has a 50 day moving average of 826.60 GBX and the 200 Day Moving Average price is recorded at 1,014.41. There are currently 272,210,381 shares in issue with the average daily volume traded being 695,120. Market capitalisation for LON:IMI is £2,259,346,162 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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