IMI plc: Resilient Execution and Strong Buy Rating Amid Challenging Market Conditions

Analyst Andrew Douglas of Jefferies maintained a Buy rating on IMI plc (IMI – Research Report), boosting the price target to p2,340.00.

Andrew Douglas’s rating is based on several key considerations. Despite the challenging market conditions faced by UK industrials, IMI plc has demonstrated strong execution capabilities, showcasing a level of resilience that surpasses bearish expectations. The company remains a top choice within Jefferies’ UK Industrials coverage, supported by a robust first-quarter update for 2025.
Douglas acknowledges the slight downward adjustment in forecasts due to foreign exchange factors but maintains an optimistic outlook on IMI’s past and future developments. He believes the stock offers good value, reaffirming the Buy rating with a new price target of 2,340 pence.

In another report released on May 9, CFRA also upgraded the stock to a Buy with a £21.00 price target.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMI in relation to earlier this year.