What’s Next for Imagination Technologies Group plc After Today’s Huge Increase?

 What's Next for Imagination Technologies Group plc After Today's Huge Increase?

The stock of Imagination Technologies Group plc (LON:IMG) is a huge mover today! The stock increased 0.11% or GBX 0.24 on November 18, hitting GBX 230.24. About 634,083 shares traded hands. Imagination Technologies Group plc (LON:IMG) has risen 35.29% since April 20, 2016 and is uptrending. It has outperformed by 30.86% the S&P500.
The move comes after 9 months positive chart setup for the GBX 661.73M company. It was reported on Nov, 18 by Barchart.com. We have GBX 352.27 PT which if reached, will make LON:IMG worth GBX 350.72M more.

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 191.47 average target is -16.84% below today’s (GBX 230.24) stock price. Imagination Technologies Group PLC has been the topic of 108 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by BNP Paribas on Monday, September 19. The company was maintained on Tuesday, December 15 by Morgan Stanley. Investec maintained the stock with “Buy” rating in Friday, January 8 report. The stock of Imagination Technologies Group plc (LON:IMG) earned “Neutral” rating by JP Morgan on Wednesday, December 16. As per Wednesday, January 27, the company rating was maintained by Investec. The stock of Imagination Technologies Group plc (LON:IMG) has “Hold” rating given on Thursday, December 10 by Liberum Capital. The rating was maintained by Numis Securities on Friday, July 8 with “Buy”. The stock of Imagination Technologies Group plc (LON:IMG) has “Hold” rating given on Friday, December 18 by Deutsche Bank. Credit Suisse maintained Imagination Technologies Group plc (LON:IMG) on Friday, January 8 with “Underperform” rating. JP Morgan maintained Imagination Technologies Group plc (LON:IMG) on Wednesday, July 6 with “Neutral” rating.

More important 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 published article titled: “Imagination Technologies Group plc Scales Back MIPS Ambitions”, 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) was released by: Uk.Finance.Yahoo.com and their article: “PEG Ratio (5 yr expected):” with publication date: March 10, 2014.

Imagination Technologies Group PLC is a global technology firm engaged in intellectual property licensing activities. The company has a market cap of 661.73 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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