IMI plc 6.6% potential upside indicated by Berenberg Bank

IMI plc with ticker (LON:IMI) now has a potential upside of 6.6% according to Berenberg Bank.



Berenberg Bank set a target price of 1,950 GBX for the company, which when compared to the IMI plc share price of 1,829 GBX at opening today (22/03/2024) indicates a potential upside of 6.6%. Trading has ranged between 1,413 (52 week low) and 1,835 (52 week high) with an average of 690,934 shares exchanging hands daily. The market capitalisation at the time of writing is £4,758,690,300.

IMI plc is a specialist engineering company operating in the fluid and motion control markets. Its segments include IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The IMI Precision Engineering segment specializes in the design and manufacture of motion and fluid control technologies, where precision, speed and reliability are essential to the processes in which they are involved. The IMI Critical Engineering segment provides flow control solutions that enable vital energy and process industries to operate safely, cleanly, reliably, and more efficiently. Its products control the flow of steam, gas and liquids in harsh environments and are designed to withstand temperature and pressure extremes as well as intensely abrasive or corrosive cyclical operations. The IMI Hydronic Engineering segment offers technologies that deliver operational and energy efficient water-based heating and cooling systems for the residential and commercial building sectors.