J P Morgan Chase & Co Reaffirms “Neutral” Rating for Imagination Technologies Group plc (IMG)

J P Morgan Chase & Co restated their neutral rating on shares of Imagination Technologies Group plc (LON:IMG) in a research note released on Wednesday morning. The firm currently has a GBX 95 ($1.23) price objective on the communications company’s stock.

A number of other equities research analysts also recently commented on the company. Credit Suisse Group lifted their price objective on Imagination Technologies Group plc from GBX 100 ($1.30) to GBX 165 ($2.14) and gave the company a neutral rating in a research report on Wednesday, July 5th. Liberum Capital reaffirmed a buy rating and issued a GBX 193 ($2.50) price objective on shares of Imagination Technologies Group plc in a research report on Tuesday, July 4th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 166 ($2.15) price objective on shares of Imagination Technologies Group plc in a research report on Tuesday, May 9th. N+1 Singer reaffirmed a sell rating and issued a GBX 80 ($1.04) price objective on shares of Imagination Technologies Group plc in a research report on Thursday, May 4th. Finally, Barclays PLC lowered their price objective on Imagination Technologies Group plc from GBX 190 ($2.46) to GBX 100 ($1.30) and set an equal weight rating for the company in a research report on Tuesday, April 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Imagination Technologies Group plc currently has a consensus rating of Hold and a consensus target price of GBX 129.50 ($1.68).

Imagination Technologies Group plc (LON:IMG) opened at 153.75 on Wednesday. The stock’s 50 day moving average price is GBX 122.22 and its 200-day moving average price is GBX 193.98. The stock’s market capitalization is GBX 434.44 million. 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.

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

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