Imagination Technologies Group plc Given Average Recommendation of “Hold” by Analysts (LON:IMG)
Imagination Technologies Group plc (LON:IMG) has been given an average recommendation of “Hold” by the seventeen ratings firms that are covering the stock, American Banking News reports. Six equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 224.40 ($3.78).
Shares of Imagination Technologies Group plc (LON:IMG) opened at 182.30 on Monday. Imagination Technologies Group plc has a 1-year low of GBX 142.20 and a 1-year high of GBX 365.70. The stock has a 50-day moving average of GBX 211.7 and a 200-day moving average of GBX 199.3. The company’s market cap is £486.2 million.
IMG has been the subject of a number of recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Imagination Technologies Group plc in a research note on Wednesday, July 23rd. They now have a GBX 220 ($3.70) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Imagination Technologies Group plc in a research note on Tuesday, July 8th. They now have a GBX 190 ($3.20) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Imagination Technologies Group plc in a research note on Monday, July 7th.
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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