Imagination Technologies Group plc (IMG) Receives “Hold” Rating from Investec
Imagination Technologies Group plc (LON:IMG)‘s stock had its “hold” rating reaffirmed by analysts at Investec in a note issued to investors on Wednesday. They currently have a GBX 160 ($2.07) target price on the communications company’s stock. Investec’s target price indicates a potential upside of 4.75% from the company’s current price.
Several other research firms have also recently issued reports on IMG. Liberum Capital restated a “buy” rating and set a GBX 325 ($4.21) price objective on shares of Imagination Technologies Group plc in a report on Wednesday, March 15th. Barclays PLC reduced their target price on Imagination Technologies Group plc from GBX 190 ($2.46) to GBX 100 ($1.30) and set an “equal weight” rating on the stock in a report on Tuesday, April 11th. J P Morgan Chase & Co reduced their target price on Imagination Technologies Group plc from GBX 250 ($3.24) to GBX 95 ($1.23) and set a “neutral” rating on the stock in a report on Wednesday, April 12th. Numis Securities Ltd restated a “buy” rating and set a GBX 166 ($2.15) price objective on shares of Imagination Technologies Group plc in a research note on Tuesday, May 9th. Finally, N+1 Singer cut Imagination Technologies Group plc to a “sell” rating and set a GBX 100 ($1.30) price objective on the stock. in a research note on Monday, April 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given 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 129.50 ($1.68).
Shares of Imagination Technologies Group plc (LON IMG) traded down 2.86% during mid-day trading on Wednesday, hitting GBX 152.75. The company had a trading volume of 2,878,063 shares. The firm has a 50-day moving average price of GBX 122.22 and a 200 day moving average price of GBX 193.98. The firm’s market capitalization is GBX 431.62 million. Imagination Technologies Group plc has a 12 month low of GBX 76.00 and a 12 month high of GBX 297.50.
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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.
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