Imagination Technologies Group Given Average Recommendation of “Hold” by Brokerages (LON:IMG)
Shares of Imagination Technologies Group (LON:IMG) have been given an average recommendation of “Hold” by the nineteen ratings firms that are covering the stock, StockRatingsNetwork.com reports. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 271.31 ($4.46).
Several analysts have recently commented on the stock. Analysts at FinnCap reiterated a “hold” rating on shares of Imagination Technologies Group in a research note to investors on Thursday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Imagination Technologies Group in a research note to investors on Thursday. They now have a GBX 364 ($5.98) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imagination Technologies Group in a research note to investors on Monday, January 27th.
Imagination Technologies Group (LON:IMG) traded up 12.80% on Thursday, hitting GBX 185.90. 2,299,253 shares of the company’s stock traded hands. Imagination Technologies Group has a one year low of GBX 142.20 and a one year high of GBX 559.50. The stock has a 50-day moving average of GBX 177.5 and a 200-day moving average of GBX 246.7. The company’s market cap is £494.1 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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