Imagination Technologies Group plc (IMG) Receives GBX 140 Average PT from Brokerages

Imagination Technologies Group plc (LON:IMG) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 140 ($1.82).

A number of equities research analysts have issued reports on the stock. Credit Suisse Group upped their price target on shares of Imagination Technologies Group plc from GBX 100 ($1.30) to GBX 165 ($2.14) and gave the company a “neutral” rating in a report on Wednesday, July 5th. Investec restated a “hold” rating and set a GBX 160 ($2.08) price target on shares of Imagination Technologies Group plc in a report on Wednesday, July 5th. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 95 ($1.23) price target on shares of Imagination Technologies Group plc in a report on Wednesday, July 5th. Liberum Capital restated a “buy” rating and set a GBX 193 ($2.51) price target on shares of Imagination Technologies Group plc in a report on Tuesday, July 4th. Finally, N+1 Singer restated a “sell” rating and set a GBX 80 ($1.04) price target on shares of Imagination Technologies Group plc in a report on Thursday, May 4th.

Imagination Technologies Group plc (LON IMG) traded down 1.46% during trading on Tuesday, reaching GBX 135.25. The company’s stock had a trading volume of 676,815 shares. The firm’s market capitalization is GBX 386.39 million. The firm has a 50-day moving average price of GBX 142.63 and a 200-day moving average price of GBX 169.35. Imagination Technologies Group plc has a 52 week low of GBX 76.00 and a 52 week high of GBX 297.50.

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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.