Imagination Technologies Group plc Given “Buy” Rating at Jefferies Group (IMG)
Imagination Technologies Group plc (LON:IMG)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a report released on Wednesday. They currently have a GBX 300 ($4.98) target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 36.99% from the stock’s previous close.
Imagination Technologies Group plc (LON:IMG) traded down 0.14% on Wednesday, hitting GBX 218.70. The stock had a trading volume of 1,191,066 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 196.4 and its 200-day moving average is GBX 201.. The company’s market cap is £581.1 million.
A number of other analysts have also recently weighed in on IMG. Analysts at Liberum Capital reiterated a “buy” rating on shares of Imagination Technologies Group plc in a research note on Friday, August 29th. They now have a GBX 250 ($4.15) price target on the stock. Six analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Imagination Technologies Group plc presently has a consensus rating of “Hold” and an average target price of GBX 225.43 ($3.74).
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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