Imagination Technologies Group plc (LON:IMG)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Barclays PLC in a research report issued to clients and investors on Monday. They currently have a GBX 175 ($2.13) target price on the communications company’s stock. Barclays PLC’s target price suggests a potential downside of 31.10% from the company’s previous close.
Several other brokerages have also weighed in on IMG. BNP Paribas restated an “underperform” rating and set a GBX 140 ($1.71) target price on shares of Imagination Technologies Group plc in a research report on Tuesday, October 4th. Liberum Capital upped their target price on shares of Imagination Technologies Group plc from GBX 245 ($2.99) to GBX 325 ($3.96) and gave the stock a “buy” rating in a research report on Tuesday, October 11th. Numis Securities Ltd restated an “add” rating and set a GBX 280 ($3.41) target price on shares of Imagination Technologies Group plc in a research report on Thursday, September 29th. N+1 Singer restated a “buy” rating and set a GBX 271 ($3.30) target price on shares of Imagination Technologies Group plc in a research report on Thursday, September 29th. Finally, Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 125 ($1.52) price target on shares of Imagination Technologies Group plc in a research report on Friday, September 16th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 189.06 ($2.30).
Shares of Imagination Technologies Group plc (LON:IMG) opened at 247.93 on Monday. Imagination Technologies Group plc has a 12 month low of GBX 101.00 and a 12 month high of GBX 274.50. The stock’s market cap is GBX 681.22 million. The firm has a 50-day moving average price of GBX 247.84 and a 200-day moving average price of GBX 200.46.
In related news, insider Millward,Guy purchased 1,696 shares of the business’s stock in a transaction on Thursday, July 21st. The shares were bought at an average price 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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