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IMI plc ( (GB:IMI) ) just unveiled an update.
IMI plc has announced the sale of its Truflo Marine business to Fairbanks Morse Defense for an enterprise value of £225 million. This strategic move is part of IMI’s focus on aligning with growth trends in energy, automation, and healthcare, which are expected to drive sustainable growth. The transaction, pending regulatory approvals, is anticipated to complete by mid-2026. IMI’s CEO expressed confidence in Fairbanks Morse Defense as a suitable new home for Truflo Marine, highlighting their commitment to investing in the business’s success.
The most recent analyst rating on (GB:IMI) stock is a Buy with a £28.10 price target. To see the full list of analyst forecasts on IMI plc stock, see the GB:IMI Stock Forecast page.
Spark’s Take on GB:IMI Stock
According to Spark, TipRanks’ AI Analyst, GB:IMI is a Outperform.
IMI plc’s overall stock score reflects its strong financial performance and positive earnings call, which highlight resilience and growth potential. Technical indicators support a stable outlook, though valuation concerns slightly dampen the score. The absence of significant corporate events maintains focus on core financial and operational metrics.
To see Spark’s full report on GB:IMI stock, click here.
More about IMI plc
IMI plc is a global leader in fluid and motion control, offering innovative solutions primarily built around valves and actuators. The company focuses on enhancing safety, productivity, and energy efficiency across vital sectors. With approximately 10,000 employees, IMI operates manufacturing facilities in 18 countries and maintains a global service network. It is a member of the FTSE 100 and listed on the London Stock Exchange.
Average Trading Volume: 629,997
Technical Sentiment Signal: Buy
Current Market Cap: £5.88B
See more insights into IMI stock on TipRanks’ Stock Analysis page.