Imagination Technologies Group plc (IMG) Stock Rating Reaffirmed by BNP Paribas
Imagination Technologies Group plc (LON:IMG)‘s stock had its “underperform” rating reiterated by equities researchers at BNP Paribas in a research note issued to investors on Tuesday. They currently have a GBX 140 ($1.83) price target on the communications company’s stock. BNP Paribas’ price target would indicate a potential downside of 44.72% from the company’s current price.
Several other brokerages also recently issued reports on IMG. FinnCap reissued an “under review” rating on shares of Imagination Technologies Group plc in a research report on Monday, August 15th. Liberum Capital reissued a “buy” rating and set a GBX 245 ($3.20) price objective on shares of Imagination Technologies Group plc in a research report on Tuesday, September 6th. Deutsche Bank AG reissued a “sell” rating on shares of Imagination Technologies Group plc in a research report on Wednesday, July 13th. Jefferies Group raised their price objective on shares of Imagination Technologies Group plc from GBX 199 ($2.60) to GBX 219 ($2.86) and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, N+1 Singer reissued a “buy” rating and set a GBX 271 ($3.54) price objective on shares of Imagination Technologies Group plc in a research report on Thursday, September 29th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 184.06 ($2.40).
Imagination Technologies Group plc (LON:IMG) traded up 1.50% during mid-day trading on Tuesday, hitting GBX 253.25. 678,678 shares of the stock were exchanged. The company has a 50-day moving average price of GBX 240.37 and a 200-day moving average price of GBX 197.16. Imagination Technologies Group plc has a one year low of GBX 101.00 and a one year high of GBX 269.50. The company’s market cap is GBX 695.82 million.
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In other Imagination Technologies Group plc news, insider Millward,Guy bought 1,696 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was bought at an average price of GBX 212 ($2.77) per share, for a total transaction of £3,595.52 ($4,693.28).
Imagination Technologies Group plc Company Profile
Imagination Technologies Group plc is a United Kingdom-based technology company. The Company offers range of silicon IP (intellectual property), which includes the multimedia, communications and general purpose processors. The Company has two segments, which include Technology business and Pure business.
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