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

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. “

IMI Plc (NASDAQ:IMIAY) remained flat at $25.97 on Monday. IMI Plc has a one year low of $25.97 and a one year high of $29.31. The company has a market capitalization of $3.53 billion and a P/E ratio of 21.71. The stock’s 50 day moving average price is $25.97 and its 200-day moving average price is $25.97.

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