Could Imagination Technologies Group plc See a Reversal After This Very Weak Session?

 Could Imagination Technologies Group plc See a Reversal After This Very Weak Session?

The stock of Imagination Technologies Group plc (LON:IMG) is a huge mover today! The stock decreased 3.34% or GBX 7.52 on November 7, hitting GBX 217.73. About 1.12 million shares traded hands. Imagination Technologies Group plc (LON:IMG) has risen 15.20% since April 7, 2016 and is uptrending. It has outperformed by 13.24% the S&P500.
The move comes after 6 months negative chart setup for the GBX 610.65M company. It was reported on Nov, 7 by Barchart.com. We have GBX 198.13 PT which if reached, will make LON:IMG worth GBX 54.96M less.

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. Imagination Technologies Group PLC has been the topic of 108 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Liberum Capital upgraded Imagination Technologies Group plc (LON:IMG) on Monday, January 11 to “Buy” rating. Liberum Capital maintained Imagination Technologies Group plc (LON:IMG) on Thursday, September 29 with “Buy” rating. The company was maintained on Friday, December 11 by BNP Paribas. The stock of Imagination Technologies Group plc (LON:IMG) earned “Underperform” rating by BNP Paribas on Friday, July 8. As per Thursday, September 17, the company rating was maintained by JP Morgan. The rating was maintained by FinnCap with “Sell” on Monday, February 8. The stock of Imagination Technologies Group plc (LON:IMG) has “Underperform” rating given on Monday, September 28 by BNP Paribas. The rating was maintained by Credit Suisse with “Underperform” on Thursday, April 14. The firm has “Sell” rating by Deutsche Bank given on Friday, May 20. The stock has “Sell” rating given by FinnCap on Wednesday, May 4.

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.

Imagination Technologies Group PLC is a global technology firm engaged in intellectual property licensing activities. The company has a market cap of 610.65 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.

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