Ingersoll-Rand plc (Ireland) (IR) : Analyst Rating Update

Ingersoll-Rand plc (Ireland) (IR) : Zacks Investment Research ranks Ingersoll-Rand plc (Ireland) (IR) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.96, which indicates as a Buy.

Ingersoll-Rand plc (Ireland) (IR) : The highest level Ingersoll-Rand plc (Ireland) (IR) is projected to reach is $77 for the short term and the lowest estimate is at $60. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $72.46 and the possibility the share price can swing is $4.95.

Ingersoll-Rand plc (Ireland) (NYSE:IR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.77 and $62.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.06, notching a gain of 1.55% for the day. The total traded volume was 2,304,974 . The stock had closed at $63.08 on the previous day.

Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Ingersoll-Rand plc (Ireland) (NYSE:IR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $60 per share to $72 per share. The rating by the firm was issued on April 19, 2016. The company shares have dropped -4.68% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $69.28 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $64.73 and the 200 Day Moving Average price is recorded at $59.37.

Ingersoll-Rand Public Limited Company (IR-Ireland) is a diversified, global company that provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company is also engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products. The Company focuses on parts, service, used equipment and rentals. Its business segments consist of Climate and Industrial. The Climate segment includes Trane and American Standard Heating and Air Conditioning, which provides heating, ventilation and air conditioning (HVAC) systems; commercial and residential building services, parts, support and controls, and Thermo King transport temperature control solutions. The Industrial segment includes Ingersoll Rand compressed air systems and services, power tools, material handling systems, ARO fluid management equipment, Club Car golf, utility and rough terrain vehicles.

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