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IMI plc 30.4% Potential Upside Indicated by HSBC

IMI plc with EPIC/TICKER (LON:IMI) had its stock rating noted as ‘Reiterates’ 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 1225 GBX on its stock. This would imply the analyst believes there is now a potential upside of 30.4% from today’s opening price of 939.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 40.5 points and decreased 66.5 points respectively. The 52 week high for the stock is 1268 GBX while the 52 week low for the share price is 867.5 GBX.

IMI plc has a 50 day moving average of 968.87 GBX and the 200 Day Moving Average price is recorded at 1,063.97. There are currently 272,102,710 shares in issue with the average daily volume traded being 775,029. Market capitalisation for LON:IMI is £2,604,022,934 GBP.