IMI plc 5.5% Potential Decrease Indicated by Goldman Sachs

Broker Ratings

IMI plc using EPIC/TICKER code (LON:IMI) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Goldman Sachs. IMI plc are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 950 GBX on its stock. This is indicating the analyst believes there is a potential downside of -5.5% from today’s opening price of 1005 GBX. Over the last 30 and 90 trading days the company share price has increased 1 points and increased 57.5 points respectively. The 1 year high for the stock price is 1268 GBX while the 52 week low is 867.5 GBX.

IMI plc has a 50 day moving average of 986.54 GBX and a 200 day moving average of 1,038.72. There are currently 272,102,710 shares in issue with the average daily volume traded being 857,459. Market capitalisation for LON:IMI is £2,666,606,558 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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