Imagination Technologies Group plc’s (IMG) “Underperform” Rating Reiterated at BNP Paribas
Imagination Technologies Group plc (LON:IMG)‘s stock had its “underperform” rating reaffirmed by equities research analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 140 ($1.83) price objective on the communications company’s stock. BNP Paribas’ target price points to a potential downside of 44.66% from the stock’s current price.
A number of other research analysts also recently commented on IMG. Numis Securities Ltd reiterated an “add” rating and set a GBX 280 ($3.65) price objective on shares of Imagination Technologies Group plc in a research note on Thursday, September 29th. Liberum Capital reiterated a “buy” rating and set a GBX 245 ($3.20) price objective on shares of Imagination Technologies Group plc in a research note on Thursday, September 29th. N+1 Singer reiterated a “buy” rating and set a GBX 271 ($3.54) price objective on shares of Imagination Technologies Group plc in a research note on Thursday, September 29th. Credit Suisse Group AG reiterated an “underperform” rating and set a GBX 125 ($1.63) price objective on shares of Imagination Technologies Group plc in a research note on Friday, September 16th. Finally, FinnCap reiterated an “under review” rating on shares of Imagination Technologies Group plc in a research note on Monday, August 15th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 184.06 ($2.40).
Imagination Technologies Group plc (LON:IMG) opened at 255.50 on Monday. Imagination Technologies Group plc has a 52 week low of GBX 101.00 and a 52 week high of GBX 269.50. The firm’s market capitalization is GBX 702.01 million. The stock’s 50 day moving average is GBX 240.37 and its 200-day moving average is GBX 197.16.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/imagination-technologies-group-plcs-img-underperform-rating-reiterated-at-bnp-paribas-2.html
In other Imagination Technologies Group plc news, insider Millward,Guy acquired 1,696 shares of the stock in a transaction dated Thursday, July 21st. The shares were bought at an average price of GBX 212 ($2.77) per share, with a total value 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.
Receive News & Ratings for Imagination Technologies Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imagination Technologies Group plc and related companies with MarketBeat.com's FREE daily email newsletter.