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IMI plc 20.5% Potential Upside Indicated by HSBC

IMI plc with EPIC/TICKER (LON:IMI) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. IMI plc are listed in the Industrials sector within UK Main Market. HSBC have set their target price at 1350 GBX on its stock. This indicates the analyst now believes there is a potential upside of 20.5% from today’s opening price of 1120 GBX. Over the last 30 and 90 trading days the company share price has decreased 92 points and increased 62 points respectively. The 52 week high for the share price is currently at 1453 GBX while the year low share price is currently 1004 GBX.

IMI plc has a 50 day moving average of 1,154.29 GBX and a 200 Day Moving Average share price is recorded at 1,217.05. There are currently 272,047,328 shares in issue with the average daily volume traded being 1,354,013. Market capitalisation for LON:IMI is £3,052,052,850 GBP.