Imagination Technologies Group plc (LON:IMG)‘s stock had its “underperform” rating reiterated by research analysts at BNP Paribas in a research report issued on Thursday. They presently have a GBX 165 ($2.04) price objective on the communications company’s stock. BNP Paribas’ target price suggests a potential downside of 41.90% from the company’s current price.
IMG has been the subject of several other reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 190 ($2.35) price target on shares of Imagination Technologies Group plc in a report on Wednesday, November 30th. Liberum Capital reissued a “buy” rating and set a GBX 325 ($4.01) price target on shares of Imagination Technologies Group plc in a report on Thursday, January 12th. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 180 ($2.22) price target on shares of Imagination Technologies Group plc in a report on Monday, January 9th. Deutsche Bank AG reissued a “sell” rating and set a GBX 170 ($2.10) price target on shares of Imagination Technologies Group plc in a report on Wednesday, December 7th. Finally, Barclays PLC increased their price target on shares of Imagination Technologies Group plc from GBX 175 ($2.16) to GBX 190 ($2.35) and gave the stock an “equal weight” rating in a report on Tuesday, January 10th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 233 ($2.88).
Imagination Technologies Group plc (LON:IMG) opened at 280.525 on Thursday. The stock’s market capitalization is GBX 781.54 million. The firm has a 50-day moving average of GBX 269.16 and a 200-day moving average of GBX 247.52. Imagination Technologies Group plc has a 1-year low of GBX 148.75 and a 1-year high of GBX 297.50.
About Imagination Technologies Group plc
Imagination Technologies Group PLC is a global technology company engaged in intellectual property (IP) licensing activities. The Company is involved in the creation and licensing of semiconductor processor IP for graphics, video and vision processing, general purpose and embedded processing (central processing unit and microcontroller), and multi-standard communications to enable connectivity.