Imagination Technologies Group plc (IMG) Stock Rating Reaffirmed by Liberum Capital
Imagination Technologies Group plc (LON:IMG)‘s stock had its “buy” rating reaffirmed by equities research analysts at Liberum Capital in a report issued on Thursday. They presently have a GBX 193 ($2.49) target price on the communications company’s stock. Liberum Capital’s price objective would suggest a potential upside of 47.33% from the stock’s current price.
Several other research analysts also recently issued reports on the company. Credit Suisse Group reaffirmed a “neutral” rating on shares of Imagination Technologies Group plc in a research note on Friday, July 21st. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 95 ($1.23) price objective on shares of Imagination Technologies Group plc in a research note on Wednesday, July 5th. Finally, Investec reaffirmed 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 issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 142.27 ($1.84).
Imagination Technologies Group plc (LON IMG) opened at 131.00 on Thursday. The stock has a 50 day moving average of GBX 135.79 and a 200 day moving average of GBX 151.47. Imagination Technologies Group plc has a 52 week low of GBX 76.00 and a 52 week high of GBX 297.50. The company’s market cap is GBX 370.68 million.
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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