Imagination Technologies Group plc (LON:IMG) had its price objective increased by Liberum Capital from GBX 245 ($3.03) to GBX 325 ($4.02) in a report released on Tuesday morning. They currently have a buy rating on the communications company’s stock.
A number of other equities analysts have also commented on the stock. BNP Paribas restated an underperform rating and issued a GBX 140 ($1.73) price objective on shares of Imagination Technologies Group plc in a research report on Monday, September 19th. FinnCap restated an under review rating on shares of Imagination Technologies Group plc in a research report on Monday, August 15th. Deutsche Bank AG reaffirmed a sell rating on shares of Imagination Technologies Group plc in a research note on Wednesday, July 13th. Jefferies Group raised their target price on shares of Imagination Technologies Group plc from GBX 199 ($2.46) to GBX 219 ($2.71) and gave the company a buy rating in a research note on Wednesday, August 10th. Finally, N+1 Singer reaffirmed a buy rating and issued a GBX 271 ($3.35) target price on shares of Imagination Technologies Group plc in a research note on Thursday, September 29th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Imagination Technologies Group plc presently has an average rating of Hold and an average price target of GBX 189.06 ($2.34).
Shares of Imagination Technologies Group plc (LON:IMG) traded down 0.74% during mid-day trading on Tuesday, reaching GBX 267.50. 1,044,957 shares of the company’s stock traded hands. The firm has a 50-day moving average of GBX 242.22 and a 200 day moving average of GBX 198.14. Imagination Technologies Group plc has a 12-month low of GBX 101.00 and a 12-month high of GBX 274.50. The company’s market cap is GBX 734.98 million.
In related news, insider Millward,Guy purchased 1,696 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The shares were acquired at an average price 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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