Imagination Technologies Group plc (LON:IMG)‘s stock had its “buy” rating reaffirmed by research analysts at N+1 Singer in a report issued on Thursday. They currently have a GBX 271 ($3.54) target price on the communications company’s stock. N+1 Singer’s target price would suggest a potential upside of 9.83% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Numis Securities Ltd restated a “buy” rating and set a GBX 220 ($2.87) price objective on shares of Imagination Technologies Group plc in a report on Thursday, July 7th. Jefferies Group raised their price objective on shares of Imagination Technologies Group plc from GBX 199 ($2.60) to GBX 219 ($2.86) and gave the stock a “buy” rating in a report on Wednesday, August 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 250 ($3.26) price target on shares of Imagination Technologies Group plc in a research note on Tuesday, July 5th. Liberum Capital reiterated a “buy” rating and issued a GBX 200 ($2.61) price target on shares of Imagination Technologies Group plc in a research note on Tuesday, July 5th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a GBX 175 ($2.28) price target on shares of Imagination Technologies Group plc in a research note on Wednesday, July 6th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 184.06 ($2.40).
In other Imagination Technologies Group plc news, insider Millward,Guy acquired 1,696 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was purchased at an average price of GBX 212 ($2.77) per share, with a total value of £3,595.52 ($4,693.28).
About Imagination Technologies Group plc
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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