Imagination Technologies Group plc (IMG) Given New GBX 325 Price Target at Liberum Capital
Imagination Technologies Group plc (LON:IMG) had its price target upped by equities research analysts at Liberum Capital from GBX 245 ($3.03) to GBX 325 ($4.02) in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the communications company’s stock. Liberum Capital’s target price suggests a potential upside of 27.45% from the stock’s current price.
Several other equities analysts have also recently commented on IMG. BNP Paribas reissued an “underperform” rating and set a GBX 107 ($1.32) target price on shares of Imagination Technologies Group plc in a research report on Monday, June 27th. FinnCap reissued a “sell” rating on shares of Imagination Technologies Group plc in a research report on Tuesday, July 5th. Peel Hunt reissued a “buy” rating and set a GBX 250 ($3.09) target price on shares of Imagination Technologies Group plc in a research report on Tuesday, July 5th. Barclays PLC reissued an “equal weight” rating and set a GBX 175 ($2.17) target price on shares of Imagination Technologies Group plc in a research report on Wednesday, July 6th. Finally, Credit Suisse Group AG lifted their target price on shares of Imagination Technologies Group plc from GBX 110 ($1.36) to GBX 125 ($1.55) and gave the stock an “underperform” rating in a research report on Wednesday, July 6th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 189.06 ($2.34).
Shares of Imagination Technologies Group plc (LON:IMG) opened at 271.75 on Tuesday. The company’s market capitalization is GBX 746.65 million. Imagination Technologies Group plc has a 52 week low of GBX 101.00 and a 52 week high of GBX 272.15. The company has a 50 day moving average price of GBX 241.46 and a 200 day moving average price of GBX 197.56.
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In other news, insider Millward,Guy purchased 1,696 shares of Imagination Technologies Group plc stock in a transaction dated Thursday, July 21st. The stock was purchased at an average cost of GBX 212 ($2.62) per share, for a total transaction of £3,595.52 ($4,449.90).
About Imagination Technologies Group plc
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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