Berenberg Bank Reiterates Sell Rating for Imagination Technologies Group plc (IMG)
Imagination Technologies Group plc (LON:IMG)‘s stock had its “sell” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Thursday. They currently have a GBX 160 ($2.68) price objective on the stock. Berenberg Bank’s price target suggests a potential downside of 32.16% from the company’s current price.
A number of other firms have also recently commented on IMG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Imagination Technologies Group plc in a research note on Wednesday. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Imagination Technologies Group plc in a research note on Thursday, May 22nd. They now have a GBX 120 ($2.01) price target on the stock. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 245.40 ($4.11).
Imagination Technologies Group plc (LON:IMG) traded up 10.21% on Thursday, hitting GBX 259.432. The stock had a trading volume of 3,565,257 shares. Imagination Technologies Group plc has a 52 week low of GBX 142.20 and a 52 week high of GBX 365.70. The stock’s 50-day moving average is GBX 206.4 and its 200-day moving average is GBX 196.2. The company’s market cap is £689.6 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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