IMI plc 2.9% Potential Decrease Indicated by Credit Suisse

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 ‘UNDERPERFORM’ today by analysts at Credit Suisse. IMI plc are listed in the Industrials sector within UK Main Market. Credit Suisse have set a target price of 810 GBX on its stock. This is indicating the analyst believes there is a potential downside of -2.9% from today’s opening price of 834.5 GBX. Over the last 30 and 90 trading days the company share price has increased 27.5 points and decreased 280.5 points respectively. The 1 year high share price is 1214.5 GBX while the 52 week low for the stock is 619.8 GBX.

IMI plc has a 50 day moving average of 822.40 GBX and the 200 Day Moving Average price is recorded at 1,013.67. There are currently 272,210,381 shares in issue with the average daily volume traded being 695,774. Market capitalisation for LON:IMI is £2,248,457,747 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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