Imagination Technologies Group plc’s Underweight Rating Reaffirmed at Barclays (IMG)
Imagination Technologies Group plc (LON:IMG)‘s stock had its “underweight” rating restated by stock analysts at Barclays in a report issued on Tuesday. They currently have a GBX 190 ($3.26) target price on the stock. Barclays’ price objective would indicate a potential downside of 6.68% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Imagination Technologies Group plc in a research note on Monday. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Imagination Technologies Group plc in a research note on Tuesday, June 24th. They now have a GBX 175 ($3.00) price target on the stock, up previously from GBX 130 ($2.23). Finally, analysts at Investec reiterated a “hold” rating on shares of Imagination Technologies Group plc in a research note on Tuesday, June 24th. They now have a GBX 250 ($4.29) price target on the stock, up previously from GBX 170 ($2.92). Six research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 224.71 ($3.85).
Imagination Technologies Group plc (LON:IMG) traded down 1.59% on Tuesday, hitting GBX 203.60. 1,018,492 shares of the company’s stock traded hands. Imagination Technologies Group plc has a 52 week low of GBX 142.20 and a 52 week high of GBX 365.70. The stock has a 50-day moving average of GBX 227.7 and a 200-day moving average of GBX 196.6. The company’s market cap is £543.0 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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