Imagination Technologies Group plc (LON:IMG)‘s stock had its “underperform” rating reissued by investment analysts at Credit Suisse Group AG in a report issued on Friday. They presently have a GBX 125 ($1.63) target price on the communications company’s stock. Credit Suisse Group AG’s price target points to a potential downside of 50.69% from the stock’s current price.

A number of other research analysts have also recently issued reports on IMG. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 190 ($2.48) price objective on shares of Imagination Technologies Group plc in a report on Wednesday, May 25th. Barclays PLC restated an “equal weight” rating and set a GBX 175 ($2.28) price objective on shares of Imagination Technologies Group plc in a report on Wednesday, July 6th. Peel Hunt restated a “buy” rating and set a GBX 250 ($3.26) price objective on shares of Imagination Technologies Group plc in a report on Friday, May 27th. Numis Securities Ltd restated a “buy” rating and set a GBX 220 ($2.87) price objective on shares of Imagination Technologies Group plc in a report on Friday, May 27th. Finally, Liberum Capital restated a “buy” rating and set a GBX 200 ($2.61) price objective on shares of Imagination Technologies Group plc in a report on Tuesday, July 5th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 172.81 ($2.26).

Imagination Technologies Group plc (LON:IMG) opened at 255.00 on Friday. The company has a 50-day moving average of GBX 220.84 and a 200-day moving average of GBX 189.38. The firm’s market capitalization is GBX 700.63 million. Imagination Technologies Group plc has a 1-year low of GBX 101.00 and a 1-year high of GBX 257.00.

In related news, insider Millward,Guy acquired 1,696 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were purchased at an average cost of GBX 212 ($2.77) per share, for a total transaction of £3,595.52 ($4,693.28).

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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