Imagination Technologies Group Stock Rating Reaffirmed by JPMorgan Chase & Co. (IMG)
Imagination Technologies Group (LON:IMG)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, AR Network reports. They currently have a GBX 475 ($7.54) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 36.14% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “underperform” rating on shares of Imagination Technologies Group (LON:IMG) in a research note to investors on Tuesday. They now have a GBX 210 ($3.33) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Imagination Technologies Group (LON:IMG) in a research note to investors on Tuesday. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Imagination Technologies Group (LON:IMG) in a research note to investors on Friday, September 13th. They now have a GBX 450 ($7.15) price target on the stock.
Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 386.04 ($6.13).
Imagination Technologies Group (LON:IMG) traded up 4.27% during mid-day trading on Wednesday, hitting GBX 348.90. The stock had a trading volume of 1,002,479 shares. Imagination Technologies Group has a 52-week low of GBX 234.50 and a 52-week high of GBX 559.50. The stock’s 50-day moving average is GBX 270.7 and its 200-day moving average is GBX 351.7. The company’s market cap is £920.8 million.
Imagination Technologies Group plc is engaged in multimedia and communication technologies. The Company operates in two segments: Technology business and the Pure business.
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