Imagination Technologies Group Stock Rating Reaffirmed by Jefferies Group (IMG)
Imagination Technologies Group (LON:IMG)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday, Analyst Ratings Network reports. They currently have a GBX 364 ($5.98) price objective on the stock. Jefferies Group’s price target indicates a potential upside of 96.65% from the company’s current price.
Shares of Imagination Technologies Group (LON:IMG) traded up 12.32% during mid-day trading on Thursday, hitting GBX 185.10. 6,724,110 shares of the company’s stock traded hands. Imagination Technologies Group has a 52-week low of GBX 142.20 and a 52-week high of GBX 559.50. The stock’s 50-day moving average is GBX 177.5 and its 200-day moving average is GBX 246.7. The company’s market cap is £492.0 million.
A number of other firms have also recently commented on IMG. 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. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Imagination Technologies Group in a research note to investors on Monday, January 27th. They now have a GBX 311 ($5.11) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Imagination Technologies Group in a research note to investors on Thursday, January 23rd. They now have a GBX 250 ($4.11) price target on the stock. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 271.31 ($4.46).
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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