Analyst Price Target Update on Ingersoll-Rand plc (Ireland) (NYSE:IR)

Ingersoll-Rand plc (Ireland) (NYSE:IR) stock has received a short term price target of $ 72.46 from 11 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $4.95. The higher estimate of target price is $77 , while the lower price target estimate is $60

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Ingersoll-Rand plc (Ireland) (NYSE:IR).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup raises the new price target from $60 per share to $72 per share. The rating by the firm was issued on April 19, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (Senior Vice President) of Ingersoll-Rand Plc, Camuti Paul A sold 4,800 shares at $49.19 on May 26, 2016. The Insider selling transaction had a total value worth of $236,112. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Ingersoll-Rand plc (Ireland) (NYSE:IR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.94 points or 1.46% at $63.55 with 1,154,982 shares getting traded. Post opening the session at $64.15, the shares hit an intraday low of $63.55 and an intraday high of $64.41 and the price was in this range throughout the day. The company has a market cap of $16,362 million and the number of outstanding shares have been calculated to be 257,463,750 shares. The 52-week high of Ingersoll-Rand plc (Ireland) (NYSE:IR) is $69.8 and the 52-week low is $47.082.

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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