Imagination Technologies Group plc Receives Overweight Rating from JPMorgan Chase & Co. (IMG)
Imagination Technologies Group plc (LON:IMG)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Friday. They currently have a GBX 210 ($3.56) target price on the stock. JPMorgan Chase & Co.’s price target points to a potential downside of 7.89% from the stock’s previous close.
IMG has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of Imagination Technologies Group plc in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Imagination Technologies Group plc in a research note on Tuesday. They now have a GBX 200 ($3.40) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Imagination Technologies Group plc in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 215.07 ($3.65).
Imagination Technologies Group plc (LON:IMG) traded up 2.32% during mid-day trading on Friday, hitting GBX 233.30. The stock had a trading volume of 737,877 shares. Imagination Technologies Group plc has a 52-week low of GBX 142.20 and a 52-week high of GBX 365.70. The stock’s 50-day moving average is GBX 221.7 and its 200-day moving average is GBX 195.9. The company’s market cap is £620.1 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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