IMI plc 18.1% Potential Upside Indicated by Barclays Capital

Broker Ratings
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IMI plc using EPIC/TICKER code (LON:IMI) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. IMI plc are listed in the Industrials sector within UK Main Market. Barclays Capital have set a target price of 925 GBX on its stock. This now indicates the analyst believes there is a possible upside of 18.1% from today’s opening price of 783 GBX. Over the last 30 and 90 trading days the company share price has increased 26 points and decreased 367.5 points respectively. The 52 week high for the share price is currently at 1214.5 GBX while the year low stock price is currently 619.8 GBX.

IMI plc has a 50 day moving average of 881.51 GBX and a 200 day moving average of 1,025.66. There are currently 272,210,381 shares in issue with the average daily volume traded being 1,088,560. Market capitalisation for LON:IMI is £2,172,238,840 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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