IMI plc 18.5% Potential Upside Indicated by JP Morgan Cazenove

Broker Ratings
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IMI plc with EPIC/TICKER (LON:IMI) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. IMI plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 850 GBX on its stock. This is indicating the analyst believes there is a potential upside of 18.5% from the opening price of 717.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 320.3 points and decreased 487.8 points respectively. The 52 week high for the share price is currently at 1214.5 GBX while the 52 week low for the stock is 619.8 GBX.

IMI plc has a 50 day moving average of 1,041.35 GBX and a 200 day moving average of 1,050.51. There are currently 379,645,332 shares in issue with the average daily volume traded being 1,265,036. Market capitalisation for LON:IMI is £1,932,146,781 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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