Imagination Technologies Group plc Given Hold Rating at Deutsche Bank (IMG)
Imagination Technologies Group plc (LON:IMG)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Tuesday. They currently have a GBX 200 ($3.40) price target on the stock. Deutsche Bank’s price objective indicates a potential downside of 14.24% from the company’s current price.
Shares of Imagination Technologies Group plc (LON:IMG) traded down 3.56% on Tuesday, hitting GBX 233.20. 968,844 shares of the company’s stock traded hands. Imagination Technologies Group plc has a 1-year low of GBX 142.20 and a 1-year high of GBX 365.70. The stock’s 50-day moving average is GBX 218.9 and its 200-day moving average is GBX 195.6. The company’s market cap is £619.8 million.
A number of other firms have also recently commented on IMG. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Imagination Technologies Group plc in a research note on Monday. Separately, analysts at Liberum Capital downgraded shares of Imagination Technologies Group plc to a “hold” rating in a research note on Friday, June 6th. They now have a GBX 250 ($4.24) price target on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. Imagination Technologies Group plc has an average rating of “Hold” and a consensus price target of GBX 245.40 ($4.17).
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.