Imagination Technologies Group plc’s (IMG) “Underperform” Rating Reiterated at BNP Paribas
Imagination Technologies Group plc (LON:IMG)‘s stock had its “underperform” rating restated by equities research analysts at BNP Paribas in a report released on Monday. They currently have a GBX 140 ($1.83) price target on the communications company’s stock. BNP Paribas’ price objective would indicate a potential downside of 44.66% from the stock’s previous close.
IMG has been the topic of a number of other reports. Deutsche Bank AG reissued a “sell” rating on shares of Imagination Technologies Group plc in a research report on Wednesday, July 13th. Liberum Capital reissued a “buy” rating and set a GBX 245 ($3.20) target price on shares of Imagination Technologies Group plc in a research report on Thursday, September 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 190 ($2.48) target price on shares of Imagination Technologies Group plc in a research report on Wednesday, July 6th. Credit Suisse Group AG boosted their target price on shares of Imagination Technologies Group plc from GBX 110 ($1.44) to GBX 125 ($1.63) and gave the stock an “underperform” rating in a research report on Wednesday, July 6th. Finally, Jefferies Group boosted their target price 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. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 184.06 ($2.40).
Shares of Imagination Technologies Group plc (LON:IMG) traded up 0.89% on Monday, reaching GBX 255.50. 196,348 shares of the company’s stock traded hands. The company has a 50 day moving average of GBX 240.37 and a 200-day moving average of GBX 197.16. The stock’s market capitalization is GBX 702.01 million. Imagination Technologies Group plc has a 52 week low of GBX 101.00 and a 52 week high of GBX 269.50.
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In other Imagination Technologies Group plc news, insider Millward,Guy acquired 1,696 shares of Imagination Technologies Group plc stock in a transaction dated 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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