Imagination Technologies Group plc (IMG) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Imagination Technologies Group plc (LON:IMG) in a research report report published on Friday, May 5th. JPMorgan Chase & Co. currently has a GBX 95 ($1.23) target price on the communications company’s stock.

Other analysts have also issued reports about the stock. Liberum Capital reiterated an under review rating on shares of Imagination Technologies Group plc in a research report on Tuesday, April 4th. Barclays PLC lifted their target price on shares of Imagination Technologies Group plc from GBX 175 ($2.26) to GBX 190 ($2.45) and gave the company an equal weight rating in a research report on Tuesday, January 10th. Credit Suisse Group AG restated an underperform rating and issued a GBX 180 ($2.32) price target on shares of Imagination Technologies Group plc in a research report on Monday, January 9th. BNP Paribas restated an underperform rating and issued a GBX 165 ($2.13) price target on shares of Imagination Technologies Group plc in a research report on Monday, January 9th. Finally, Jefferies Group LLC lowered shares of Imagination Technologies Group plc to a hold rating and reduced their price target for the company from GBX 219 ($2.83) to GBX 95 ($1.23) in a research report on Tuesday, April 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Imagination Technologies Group plc currently has an average rating of Hold and a consensus target price of GBX 122.20 ($1.58).

Shares of Imagination Technologies Group plc (LON:IMG) traded up 1.26% during trading on Friday, reaching GBX 100.25. 1,308,727 shares of the company’s stock were exchanged. The company has a 50 day moving average price of GBX 111.77 and a 200-day moving average price of GBX 214.96. The company’s market capitalization is GBX 279.30 million. 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.

12 Month Chart for LON:IMG

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