Imagination Technologies Group plc’s Neutral Rating Reaffirmed at BNP Paribas (IMG)
Imagination Technologies Group plc (LON:IMG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BNP Paribas in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 200 ($3.37) price objective on the stock. BNP Paribas’ price target would suggest a potential upside of 0.81% from the company’s current price.
Imagination Technologies Group plc (LON:IMG) opened at 198.61 on Tuesday. Imagination Technologies Group plc has a one year low of GBX 142.20 and a one year high of GBX 380.50. The stock has a 50-day moving average of GBX 196.3 and a 200-day moving average of GBX 200.9. The company’s market cap is £527.9 million.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Imagination Technologies Group plc in a research note on Monday. They now have a GBX 300 ($5.05) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Imagination Technologies Group plc in a research note on Friday, April 4th. They now have a GBX 185 ($3.12) price target on the stock. Six analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Imagination Technologies Group plc presently has a consensus rating of “Hold” and an average price target of GBX 253.67 ($4.27).
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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