Imagination Technologies Group plc’s (IMG) Equal Weight Rating Reiterated at Barclays PLC
Imagination Technologies Group plc (LON:IMG)‘s stock had its “equal weight” rating reaffirmed by Barclays PLC in a report released on Monday. They currently have a GBX 175 ($2.17) price target on the communications company’s stock. Barclays PLC’s target price indicates a potential downside of 30.07% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Numis Securities Ltd reiterated an “add” rating and issued a GBX 280 ($3.47) price target on shares of Imagination Technologies Group plc in a report on Thursday, September 29th. Jefferies Group increased their price target on Imagination Technologies Group plc from GBX 199 ($2.46) to GBX 219 ($2.71) and gave the stock a “buy” rating in a report on Wednesday, August 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 250 ($3.09) price target on shares of Imagination Technologies Group plc in a report on Tuesday, July 5th. Liberum Capital reiterated a “buy” rating and issued a GBX 200 ($2.48) price target on shares of Imagination Technologies Group plc in a report on Tuesday, July 5th. Finally, N+1 Singer reiterated a “buy” rating and issued a GBX 271 ($3.35) price target on shares of Imagination Technologies Group plc in a report on Thursday, September 29th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Imagination Technologies Group plc presently has a consensus rating of “Hold” and an average price target of GBX 189.06 ($2.34).
Imagination Technologies Group plc (LON:IMG) opened at 248.50 on Monday. The firm’s 50-day moving average price is GBX 245.77 and its 200-day moving average price is GBX 199.42. Imagination Technologies Group plc has a 52 week low of GBX 101.00 and a 52 week high of GBX 274.50. The stock’s market cap is GBX 682.77 million.
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In other news, insider Millward,Guy bought 1,696 shares of Imagination Technologies Group plc stock in a transaction that occurred on Thursday, July 21st. The stock was bought at an average price of GBX 212 ($2.62) per share, for a total transaction of £3,595.52 ($4,449.90).
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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