Imagination Technologies Group plc (LON:IMG)‘s stock had its “neutral” rating reissued by J P Morgan Chase & Co in a research report issued on Tuesday. They currently have a GBX 95 ($1.23) price objective on the communications company’s stock. J P Morgan Chase & Co’s price target indicates a potential downside of 30.53% from the company’s previous close.

A number of other brokerages have also recently commented on IMG. Credit Suisse Group lifted their price objective on shares of Imagination Technologies Group plc from GBX 100 ($1.29) to GBX 165 ($2.13) and gave the stock a “neutral” rating in a research note on Wednesday, July 5th. Liberum Capital reissued a “hold” rating and issued a GBX 95 ($1.23) price objective on shares of Imagination Technologies Group plc in a research note on Tuesday, May 23rd. Numis Securities Ltd reissued a “buy” rating and issued a GBX 166 ($2.14) price objective on shares of Imagination Technologies Group plc in a research note on Tuesday, May 9th. Finally, Investec reissued a “hold” rating and issued a GBX 160 ($2.07) price objective on shares of Imagination Technologies Group plc in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 142.27 ($1.84).

Shares of Imagination Technologies Group plc (IMG) opened at 138.50 on Tuesday. The firm has a 50-day moving average of GBX 136.48 and a 200 day moving average of GBX 155.98. Imagination Technologies Group plc has a 1-year low of GBX 76.00 and a 1-year high of GBX 297.50. The company’s market capitalization is GBX 391.90 million.

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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.

Analyst Recommendations for Imagination Technologies Group plc (LON:IMG)

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