IMI plc 4.8% Potential Upside Indicated by JP Morgan Cazenove

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 ‘NEUTRAL’ today 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 1040 GBX on its stock. This now indicates the analyst believes there is a possible upside of 4.8% from the opening price of 992 GBX. Over the last 30 and 90 trading days the company share price has increased 21.4 points and decreased 32.5 points respectively. The 52 week high for the stock is 1080.5 GBX while the 52 week low for the share price is 867.5 GBX.

IMI plc has a 50 day moving average of 984.45 GBX and a 200 Day Moving Average share price is recorded at 994.41. There are currently 272,191,677 shares in issue with the average daily volume traded being 669,953. Market capitalisation for LON:IMI is £2,676,733,018 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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