Imagination Technologies Group plc (LON:IMG)‘s stock had its “buy” rating reissued by investment analysts at Numis Securities Ltd in a research note issued on Tuesday. They currently have a GBX 166 ($2.15) price objective on the communications company’s stock. Numis Securities Ltd’s target price suggests a potential upside of 72.02% from the stock’s previous close.

Several other equities analysts also recently commented on IMG. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 100 ($1.29) price objective on shares of Imagination Technologies Group plc in a research note on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 95 ($1.23) price objective on shares of Imagination Technologies Group plc in a research note on Friday. N+1 Singer reissued a “sell” rating and issued a GBX 80 ($1.03) price objective on shares of Imagination Technologies Group plc in a research note on Thursday, May 4th. Liberum Capital reissued a “buy” rating and issued a GBX 325 ($4.20) price objective on shares of Imagination Technologies Group plc in a research note on Thursday, March 2nd. Finally, Barclays PLC increased their price objective on shares of Imagination Technologies Group plc from GBX 175 ($2.26) to GBX 190 ($2.46) and gave the company an “equal weight” rating in a research note on Tuesday, January 10th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Imagination Technologies Group plc presently has an average rating of “Hold” and an average target price of GBX 122.20 ($1.58).

Analyst Recommendations for Imagination Technologies Group plc (LON:IMG)

Imagination Technologies Group plc (LON:IMG) traded up 0.40% on Tuesday, hitting GBX 96.89. 1,012,599 shares of the stock were exchanged. The company’s market capitalization is GBX 269.94 million. The company has a 50-day moving average price of GBX 154.89 and a 200 day moving average price of GBX 223.32. Imagination Technologies Group plc has a 1-year low of GBX 76.00 and a 1-year high of GBX 297.50.

ILLEGAL ACTIVITY NOTICE: “Imagination Technologies Group plc (IMG) Stock Rating Reaffirmed by Numis Securities Ltd” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/05/09/imagination-technologies-group-plc-img-stock-rating-reaffirmed-by-numis-securities-ltd.html.

Imagination Technologies Group plc Company Profile

Imagination Technologies Group PLC is a global technology company engaged in intellectual property (IP) licensing activities. The Company is involved in the creation and licensing of semiconductor processor IP for graphics, video and vision processing, general purpose and embedded processing (central processing unit and microcontroller), and multi-standard communications to enable connectivity.

Receive News & Ratings for Imagination Technologies Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imagination Technologies Group plc and related companies with MarketBeat.com's FREE daily email newsletter.