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IMI plc 10.5% Potential Upside Indicated by Bank of America Merrill Lynch

IMI plc using EPIC/TICKER code (LON:IMI) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Bank of America Merrill Lynch. IMI plc are listed in the Industrials sector within UK Main Market. Bank of America Merrill Lynch have set a target price of 1050 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 10.5% from today’s opening price of 950 GBX. Over the last 30 and 90 trading days the company share price has decreased 82 points and decreased 38 points respectively. The 1 year high share price 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 985.51 GBX and the 200 Day Moving Average price is recorded at 994.28. There are currently 191,456,172 shares in issue with the average daily volume traded being 650,372. Market capitalisation for LON:IMI is £2,599,430,515 GBP.