Rating Reporting: Imagination Technologies Group (LON:IMG) Stock “Neutral” Rating Reiterated at JP Morgan Cazenove; The Price Target is Set to GBX 190.00

November 30, 2016 - By Nellie Frank

Imagination Technologies Group (LON:IMG) Rating

In a report released on Wednesday, 30 November, Imagination Technologies Group (LON:IMG) stock had its “Neutral” Rating reconfirmed by equity research analysts at JP Morgan Cazenove. They currently have a GBX 190.00 target on company. JP Morgan Cazenove’s target would suggest a potential downside of -17.21% from the company’s last stock close.

Imagination Technologies Group plc (LON:IMG) Ratings Coverage

Out of 18 analysts covering Imagination Technologies Group PLC (LON:IMG), 6 rate it a “Buy”, 5 “Sell”, while 7 “Hold”. This means 33% are positive. GBX 325 is the highest target while GBX 85 is the lowest. The GBX 192.94 average target is -14.63% below today’s (GBX 226) stock price. Imagination Technologies Group PLC has been the topic of 111 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Underweight” rating and GBX 110 target price in Friday, January 8 report. On Wednesday, May 4 the stock rating was maintained by FinnCap with “Sell”. JP Morgan maintained the stock with “Neutral” rating in Wednesday, May 25 report. The firm has “Buy” rating by Peel Hunt given on Friday, May 27. As per Tuesday, February 23, the company rating was maintained by BNP Paribas. Stifel Nicolaus maintained Imagination Technologies Group plc (LON:IMG) on Monday, January 25 with “Sell” rating. The stock of Imagination Technologies Group plc (LON:IMG) earned “Add” rating by Numis Securities on Thursday, September 29. Liberum Capital maintained the stock with “Buy” rating in Wednesday, September 16 report. The company was maintained on Friday, July 8 by JP Morgan. Liberum Capital maintained the shares of IMG in a report on Tuesday, December 15 with “Hold” rating.

About 382,478 shares traded hands. Imagination Technologies Group plc (LON:IMG) has risen 50.08% since April 29, 2016 and is uptrending. It has outperformed by 44.85% the S&P500.

Imagination Technologies Group PLC is a global technology firm engaged in intellectual property licensing activities. The company has a market cap of 635.41 million GBP. The Firm 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. It currently has negative earnings. It sub divided its technology segment into five divisions, which include PowerVR, MIPS, Ensgima, IMGworks and IMG Systems.

More notable recent Imagination Technologies Group plc (LON:IMG) news were published by: Fool.com which released: “Imagination Technologies Group plc Sharpens Focus on Graphics” on July 07, 2016, also Fool.com with their article: “Imagination Technologies Group plc Scales Back MIPS Ambitions” published on July 06, 2016, Fool.com published: “Apple Inc. Supplier Imagination Technologies Group plc Catches a Bid” on May 10, 2016. More interesting news about Imagination Technologies Group plc (LON:IMG) were released by: Uk.Finance.Yahoo.com and their article: “PEG Ratio (5 yr expected):” published on March 10, 2014 as well as Fool.Co.Uk‘s news article titled: “Should you buy Amec Foster Wheeler plc, Imagination Technologies Group plc and …” with publication date: July 05, 2016.

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