Analyst Andrew Douglas from Jefferies reiterated a Buy rating on IMI plc and increased the price target to p2,720.00 from p2,500.00.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Andrew Douglas has given his Buy rating due to a combination of factors that suggest positive momentum for IMI plc. The company is expected to show decent progress in its upcoming 3Q25F Trading Update, which is anticipated to reflect continued growth in its order book and a recovery following previous disruptions. This growth is likely to bolster the company’s EBITA margin, indicating a strong financial performance.
Furthermore, management is expected to confirm that IMI is on track to meet its full-year targets, reinforcing confidence in the company’s strategic direction. Although no dramatic changes are anticipated in the immediate update, the consistent positive updates from IMI support the Buy rating. The reaffirmation of the price target at 2,720p also suggests a favorable outlook for the stock.