Zacks Investment Research lowered shares of IMI Plc (NASDAQ:IMIAY) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

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) remained flat at $25.97 during midday trading on Wednesday. The company’s stock had a trading volume of 132 shares. The firm has a 50-day moving average price of $25.97 and a 200 day moving average price of $25.97. The firm has a market capitalization of $3.53 billion and a P/E ratio of 21.71. IMI Plc has a 1-year low of $25.97 and a 1-year high of $26.80.

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