Imagination Technologies Group plc (IMG) Given Average Recommendation of “Hold” by Brokerages
Shares of Imagination Technologies Group plc (LON:IMG) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 140 ($1.82).
Several analysts have recently commented on IMG shares. Liberum Capital restated a “hold” rating and set a GBX 95 ($1.23) target price on shares of Imagination Technologies Group plc in a report on Tuesday, May 23rd. Numis Securities Ltd restated a “buy” rating and set a GBX 166 ($2.16) target price on shares of Imagination Technologies Group plc in a report on Tuesday, May 9th. N+1 Singer restated a “sell” rating and set a GBX 80 ($1.04) target price on shares of Imagination Technologies Group plc in a report on Thursday, May 4th. Credit Suisse Group AG restated a “neutral” rating on shares of Imagination Technologies Group plc in a report on Friday, July 21st. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 95 ($1.23) target price on shares of Imagination Technologies Group plc in a report on Friday, May 5th.
Shares of Imagination Technologies Group plc (IMG) traded up 2.22% during midday trading on Tuesday, hitting GBX 138.25. 317,962 shares of the company were exchanged. The company’s 50 day moving average price is GBX 144.47 and its 200 day moving average price is GBX 170.53. Imagination Technologies Group plc has a one year low of GBX 76.00 and a one year high of GBX 297.50. The firm’s market cap is GBX 390.64 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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