Imagination Technologies Group plc’s (LON:IMG) Neutral Rating Reaffirmed at J P Morgan Chase & Co
Imagination Technologies Group plc (LON:IMG)‘s stock had its “neutral” rating reissued by equities research analysts at J P Morgan Chase & Co in a note issued to investors on Wednesday. They currently have a GBX 95 ($1.23) target price on the communications company’s stock. J P Morgan Chase & Co’s price objective indicates a potential downside of 37.81% from the company’s current price.
A number of other analysts have also recently commented on the company. Liberum Capital restated a “buy” rating and issued a GBX 325 ($4.21) price objective on shares of Imagination Technologies Group plc in a research report on Wednesday, March 15th. Barclays PLC cut their price objective on Imagination Technologies Group plc from GBX 190 ($2.46) to GBX 100 ($1.30) and set an “equal weight” rating for the company in a research report on Tuesday, April 11th. Numis Securities Ltd restated a “buy” rating and issued a GBX 166 ($2.15) price objective on shares of Imagination Technologies Group plc in a research report on Tuesday, May 9th. N+1 Singer cut Imagination Technologies Group plc to a “sell” rating and set a GBX 100 ($1.30) price objective for the company. in a research report on Monday, April 3rd. Finally, Jefferies Group LLC cut Imagination Technologies Group plc to a “hold” rating and cut their price objective for the company from GBX 219 ($2.84) to GBX 95 ($1.23) in a research report on Tuesday, April 4th. 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. The company has an average rating of “Hold” and an average price target of GBX 129.50 ($1.68).
Imagination Technologies Group plc (LON IMG) traded down 2.86% during midday trading on Wednesday, reaching GBX 152.75. 2,878,063 shares of the company traded hands. The firm has a 50-day moving average of GBX 122.22 and a 200-day moving average of GBX 193.98. Imagination Technologies Group plc has a 1-year low of GBX 76.00 and a 1-year high of GBX 297.50. The stock’s market capitalization is GBX 431.62 million.
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About Imagination Technologies Group plc
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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