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Imagination Technologies Group plc (LON:IMG) was downgraded by research analysts at Barclays to an “underweight” rating in a report released on Thursday. They currently have a GBX 190 ($3.23) target price on the stock. Barclays’ price objective suggests a potential downside of 19.76% from the company’s current price.

A number of other firms have also recently commented on IMG. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Imagination Technologies Group plc in a research note on Tuesday. They now have a GBX 175 ($2.98) price target on the stock, up previously from GBX 130 ($2.21). Separately, analysts at Investec reiterated a “hold” rating on shares of Imagination Technologies Group plc in a research note on Tuesday. They now have a GBX 250 ($4.25) price target on the stock, up previously from GBX 170 ($2.89). Finally, analysts at FinnCap reiterated a “hold” rating on shares of Imagination Technologies Group plc in a research note on Tuesday. They now have a GBX 165 ($2.81) price target on the stock. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 221.14 ($3.76).

Imagination Technologies Group plc (LON:IMG) traded down 5.07% during mid-day trading on Thursday, hitting GBX 224.80. 1,326,966 shares of the company’s stock traded hands. Imagination Technologies Group plc has a one year low of GBX 142.20 and a one year high of GBX 365.70. The stock’s 50-day moving average is GBX 226.2 and its 200-day moving average is GBX 195.2. The company’s market cap is £597.5 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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