Imagination Technologies Group plc Receives Consensus Recommendation of “Hold” from Brokerages (LON:IMG)
Imagination Technologies Group plc (LON:IMG) has received an average rating of “Hold” from the seventeen ratings firms that are currently covering the company, AmericanBankingNews.com reports. Six research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 224.40 ($3.78).
Imagination Technologies Group plc (LON:IMG) opened at 178.70 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’s 50-day moving average is GBX 205. and its 200-day moving average is GBX 199.3. The company’s market cap is £476.6 million.
Several analysts have recently commented on the stock. Analysts at Liberum Capital upgraded shares of Imagination Technologies Group plc to a “buy” rating in a research note on Tuesday. They now have a GBX 250 ($4.21) price target on the stock. Separately, 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. Finally, 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.
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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