Imagination Technologies Group plc (IMG) Earns “Buy” Rating from Numis Securities Ltd
Numis Securities Ltd reaffirmed their buy rating on shares of Imagination Technologies Group plc (LON:IMG) in a research note released on Monday morning. They currently have a GBX 182 ($2.45) target price on the communications company’s stock.
IMG has been the topic of a number of other reports. Credit Suisse Group reiterated a neutral rating on shares of Imagination Technologies Group plc in a research note on Friday, July 21st. Liberum Capital reiterated a buy rating and set a GBX 193 ($2.60) price objective on shares of Imagination Technologies Group plc in a research note on Tuesday, August 29th. Investec reiterated a hold rating and set a GBX 160 ($2.15) price objective on shares of Imagination Technologies Group plc in a research note on Wednesday, July 5th. Finally, J P Morgan Chase & Co reiterated a neutral rating and set a GBX 95 ($1.28) price objective on shares of Imagination Technologies Group plc in a research note on Tuesday, September 5th. 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 stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 142.73 ($1.92).
Shares of Imagination Technologies Group plc (LON:IMG) opened at 166.25 on Monday. The company’s market capitalization is GBX 470.43 million. The stock has a 50 day moving average price of GBX 135.21 and a 200-day moving average price of GBX 148.08. Imagination Technologies Group plc has a 12 month low of GBX 76.00 and a 12 month 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.
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