IMI plc 53.8% Potential Upside Indicated by Goldman Sachs

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 ‘BUY’ today by analysts at Goldman Sachs. IMI plc are listed in the Industrials sector within UK Main Market. Goldman Sachs have set a target price of 1110 GBX on its stock. This indicates the analyst now believes there is a potential upside of 53.8% from the opening price of 721.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 354.2 points and decreased 461.2 points respectively. The 1 year high stock price is 1214.5 GBX while the year low stock price is currently 619.8 GBX.

IMI plc has a 50 day moving average of 1,069.25 GBX and a 200 day moving average of 1,054.72. There are currently 272,210,033 shares in issue with the average daily volume traded being 1,164,722. Market capitalisation for LON:IMI is £1,888,048,722 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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