Market's view on IMI
Published on April 2024
- RBC has raised the price target for IMI to 2,250 pence, marked as ‘outperform’.
- Jefferies considers IMI undervalued, with a positive outlook on its profit margins and cash generation, raising the target price to £21.95.
- IMI has appointed Dr Cornelia Neumann as Sales and Business Development Manager for hydrogen customer growth in Germany.
- UBS upgraded IMI’s price target to 1,860 pence, maintaining a ‘neutral’ sentiment.
- IMI received positive remarks for its fiscal year results and expectations for strong growth in 2024.
- Davy has initiated coverage on IMI with an ‘outperform’ rating and a price target of 2,500 pence.
- Concerns were expressed about the appointment of Jamie Pike as Chair of the IMI Board, citing his previous leadership challenges.
- IMI’s electrolyser became operational at a university’s aviation research centre.
- Berenberg upgraded IMI based on its turnaround story, raising the target price to £19.50 and highlighting the expected increase in free cash flow.