IMI plc 6% Potential Upside Indicated by Credit Suisse

Broker Ratings
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IMI plc with EPIC/TICKER (LON:IMI) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Credit Suisse. IMI plc are listed in the Industrials sector within UK Main Market. Credit Suisse have set their target price at 1150 GBX on its stock. This is indicating the analyst believes there is a potential upside of 6.0% from today’s opening price of 1085 GBX. Over the last 30 and 90 trading days the company share price has increased 145.5 points and increased 275.5 points respectively. The 52 week high share price is 1214.5 GBX while the year low share price is currently 619.8 GBX.

IMI plc has a 50 day moving average of 955.98 GBX and the 200 Day Moving Average price is recorded at 1,002.89. There are currently 272,214,348 shares in issue with the average daily volume traded being 567,261. Market capitalisation for LON:IMI is £2,929,026,384 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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