Imagination Technologies Group plc’s (IMG) “Buy” Rating Reiterated at Liberum Capital

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Imagination Technologies Group plc (LON:IMG)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a report issued on Wednesday. They currently have a GBX 245 ($3.26) price target on the communications company’s stock. Liberum Capital’s price target suggests a potential downside of 0.81% from the company’s current price.
Other analysts have also issued research reports about the company. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 220 ($2.93) target price on shares of Imagination Technologies Group plc in a report on Thursday, July 7th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 250 ($3.33) target price on shares of Imagination Technologies Group plc in a report on Friday, May 27th. Jefferies Group raised their target price on Imagination Technologies Group plc from GBX 199 ($2.65) to GBX 219 ($2.92) and gave the company a “buy” rating in a report on Wednesday, August 10th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 175 ($2.33) target price on shares of Imagination Technologies Group plc in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 190 ($2.53) target price on shares of Imagination Technologies Group plc in a report on Wednesday, July 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 172.81 ($2.30).
Imagination Technologies Group plc (LON:IMG) traded up 0.41% during mid-day trading on Wednesday, reaching GBX 247.00. 1,093,966 shares of the company were exchanged. The company’s market cap is GBX 678.65 million. Imagination Technologies Group plc has a 12 month low of GBX 101.00 and a 12 month high of GBX 256.50. The stock’s 50-day moving average is GBX 218.99 and its 200-day moving average is GBX 188.51.

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In other news, insider Millward,Guy bought 1,696 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was bought at an average price of GBX 212 ($2.82) per share, for a total transaction of £3,595.52 ($4,788.92).
Imagination Technologies Group plc Company Profile
Imagination Technologies Group plc is a United Kingdom-based technology company. The Company offers range of silicon IP (intellectual property), which includes the multimedia, communications and general purpose processors. The Company has two segments, which include Technology business and Pure business.

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