IMI plc 17.4% potential upside indicated by JP Morgan Cazenove

IMI plc with ticker (LON:IMI) now has a potential upside of 17.4% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 1,850 GBX for the company, which when compared to the IMI plc share price of 1,576 GBX at opening today (12/01/2024) indicates a potential upside of 17.4%. Trading has ranged between 1,394 (52 week low) and 1,742 (52 week high) with an average of 386,055 shares exchanging hands daily. The market capitalisation at the time of writing is £4,110,242,376.

IMI plc is a United Kingdom-based specialist engineering company, which operates in fluid and motion control markets. The Company operates through three segments: IMI Precision Engineering, IMI Critical Engineering and IMI Hydronic Engineering. IMI Precision Engineering segment is specialized in the designing and manufacturing of motion and fluid control technologies. IMI Critical Engineering segment is a provider of flow control solutions that enable vital energy and process industries to operate safely, cleanly, reliably and more efficiently. Its products control the flow of steam, gas and liquids in harsh environments and are designed to withstand temperature and pressure extremes, as well as intensely abrasive or corrosive cyclical operations. IMI Hydronic Engineering segment is a provider of technologies that deliver operational and energy-efficient water-based heating and cooling systems for the residential and commercial building sectors.