Imagination Technologies Group plc (IMG) Given Equal Weight Rating at Barclays PLC
Imagination Technologies Group plc (LON:IMG)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays PLC in a research report issued on Monday. They currently have a GBX 175 ($2.13) target price on the communications company’s stock. Barclays PLC’s price objective suggests a potential downside of 30.07% from the company’s previous close.
IMG has been the subject of a number of other research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 245 ($2.99) price objective on shares of Imagination Technologies Group plc in a report on Tuesday, September 6th. BNP Paribas reiterated an “underperform” rating and issued a GBX 140 ($1.71) price objective on shares of Imagination Technologies Group plc in a report on Monday, September 19th. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 125 ($1.52) price objective on shares of Imagination Technologies Group plc in a report on Friday, September 16th. FinnCap reiterated an “under review” rating on shares of Imagination Technologies Group plc in a report on Monday, August 15th. Finally, Peel Hunt restated a “buy” rating and set a GBX 250 ($3.05) price target on shares of Imagination Technologies Group plc in a report on Tuesday, July 5th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 189.06 ($2.30).
Shares of Imagination Technologies Group plc (LON:IMG) remained flat at GBX 250.25 during midday trading on Monday. The company had a trading volume of 932,775 shares. The firm’s market cap is GBX 687.58 million. Imagination Technologies Group plc has a 52 week low of GBX 101.00 and a 52 week high of GBX 274.50. The firm’s 50 day moving average is GBX 247.67 and its 200-day moving average is GBX 200.00.
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In other news, insider Millward,Guy acquired 1,696 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was acquired at an average cost of GBX 212 ($2.58) per share, with a total value of £3,595.52 ($4,382.11).
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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