Deutsche Bank Reiterates Hold Rating for Imagination Technologies Group (IMG)
Imagination Technologies Group (LON:IMG)‘s stock had its “hold” rating reiterated by research analysts at Deutsche Bank in a report released on Wednesday, Analyst Ratings Network.com reports. They currently have a GBX 280 ($4.49) target price on the stock. Deutsche Bank’s target price indicates a potential upside of 1.27% from the stock’s previous close.
Shares of Imagination Technologies Group (LON:IMG) traded down 4.45% on Wednesday, hitting GBX 264.20. 477,607 shares of the company’s stock traded hands. Imagination Technologies Group has a one year low of GBX 234.50 and a one year high of GBX 559.50. The stock has a 50-day moving average of GBX 279.6 and a 200-day moving average of GBX 350.6. The company’s market cap is £697.3 million.
A number of other analysts have also recently weighed in on IMG. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Imagination Technologies Group in a research note to investors on Monday. They now have a GBX 310 ($4.97) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Imagination Technologies Group in a research note to investors on Thursday, October 3rd. They now have a GBX 275 ($4.41) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 385.98 ($6.19).
Imagination Technologies Group plc is engaged in multimedia and communication technologies. The Company operates in two segments: Technology business and the Pure business.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.