Imagination Technologies Group Given “Hold” Rating at Deutsche Bank (IMG)
Imagination Technologies Group (LON:IMG)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Thursday, AnalystRatings.Net reports. They currently have a GBX 200 ($3.28) price objective on the stock. Deutsche Bank’s price objective would suggest a potential upside of 23.53% from the company’s current price.
Shares of Imagination Technologies Group (LON:IMG) traded down 4.14% on Thursday, hitting GBX 161.90. 2,885,437 shares of the company’s stock traded hands. Imagination Technologies Group has a 52-week low of GBX 142.20 and a 52-week high of GBX 559.50. The stock’s 50-day moving average is GBX 206.1 and its 200-day moving average is GBX 261.9. The company’s market cap is £430.3 million.
A number of other analysts have also recently weighed in on IMG. Analysts at Barclays reiterated an “equal weight” rating on shares of Imagination Technologies Group in a research note to investors on Tuesday. They now have a GBX 185 ($3.03) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Imagination Technologies Group in a research note to investors on Thursday, January 2nd. They now have a GBX 311 ($5.10) price target on the stock. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Imagination Technologies Group has a consensus rating of “Hold” and an average target price of GBX 284.78 ($4.67).
Imagination Technologies Group plc is engaged in multimedia and communication technologies. The Company operates in two segments: Technology business and the Pure business.
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