IMI Plc (NASDAQ:IMIAY) Upgraded to “Buy” at Zacks Investment Research

IMI Plc (NASDAQ:IMIAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday, July 31st. The firm currently has a $29.00 price objective on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.67% from the stock’s current price.

According to Zacks, “IMI PLC is an engineering company. It provides designs, manufactures and services for engineered products which control the movement of fluids. The company primarily serves energy, transportation and infrastructure sector. IMI PLC is headquartered in Birmingham, the United Kingdom. “

Shares of IMI Plc (NASDAQ IMIAY) opened at 25.97 on Monday. The stock has a market capitalization of $3.53 billion and a PE ratio of 21.71. The company has a 50-day moving average price of $25.97 and a 200 day moving average price of $25.97. IMI Plc has a 52 week low of $25.97 and a 52 week high of $27.86.

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