Imagination Technologies Group plc’s (IMG) Buy Rating Reaffirmed at Numis Securities Ltd
Imagination Technologies Group plc (LON:IMG)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday. They currently have a GBX 182 ($2.45) price target on the communications company’s stock. Numis Securities Ltd’s target price would suggest a potential upside of 41.63% from the stock’s previous close.
Several other brokerages have also recently issued reports on IMG. Credit Suisse Group upped their price objective on Imagination Technologies Group plc from GBX 100 ($1.35) to GBX 165 ($2.22) and gave the company a “neutral” rating in a research note on Wednesday, July 5th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 95 ($1.28) price objective on shares of Imagination Technologies Group plc in a research note on Wednesday, July 5th. Liberum Capital restated a “buy” rating and set a GBX 193 ($2.60) price objective on shares of Imagination Technologies Group plc in a research note on Thursday, September 14th. Finally, Investec restated a “hold” rating and set a GBX 160 ($2.16) price objective on shares of Imagination Technologies Group plc in a research note on Wednesday, July 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 142.73 ($1.92).
Imagination Technologies Group plc (IMG) opened at 166.75 on Monday. The stock’s market capitalization is GBX 471.84 million. Imagination Technologies Group plc has a 52 week low of GBX 76.00 and a 52 week high of GBX 297.50. The firm has a 50 day moving average price of GBX 135.21 and a 200 day moving average price of GBX 148.08.
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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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