Imagination Technologies Group Rating Reiterated by Liberum Capital (IMG)
Imagination Technologies Group (LON:IMG)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a GBX 250 ($4.10) price target on the stock. Liberum Capital’s target price suggests a potential upside of 29.53% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital raised their price target on shares of Imagination Technologies Group from GBX 110 ($1.81) to GBX 130 ($2.13) in a research note to investors on Thursday, January 16th. They now have an “underperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Imagination Technologies Group in a research note to investors on Tuesday, January 14th. They now have a GBX 250 ($4.10) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Imagination Technologies Group in a research note to investors on Thursday, January 9th. They now have a GBX 200 ($3.28) price target on the stock. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 280.33 ($4.60).
Imagination Technologies Group (LON:IMG) traded down 5.44% during mid-day trading on Thursday, hitting GBX 193.00. 816,335 shares of the company’s stock traded hands. Imagination Technologies Group has a 1-year low of GBX 142.20 and a 1-year high of GBX 559.50. The stock’s 50-day moving average is GBX 187. and its 200-day moving average is GBX 253.6. The company’s market cap is £513.0 million.
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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