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

A number of other brokerages have also issued reports on IMG. Liberum Capital restated a “buy” rating and issued a GBX 245 ($3.20) target price on shares of Imagination Technologies Group plc in a research note on Wednesday, September 14th. BNP Paribas restated an “underperform” rating and issued a GBX 140 ($1.83) target price on shares of Imagination Technologies Group plc in a research note on Tuesday, August 23rd. FinnCap restated an “under review” rating on shares of Imagination Technologies Group plc in a research note on Monday, August 15th. Jefferies Group upped their target price on shares of Imagination Technologies Group plc from GBX 199 ($2.60) to GBX 219 ($2.86) and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Deutsche Bank AG restated a “sell” rating on shares of Imagination Technologies Group plc in a research note on Wednesday, July 13th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 172.81 ($2.26).

Shares of Imagination Technologies Group plc (LON:IMG) opened at 255.00 on Friday. Imagination Technologies Group plc has a 52-week low of GBX 101.00 and a 52-week high of GBX 257.00. The firm’s market capitalization is GBX 700.63 million. The stock’s 50 day moving average is GBX 220.84 and its 200-day moving average is GBX 189.38.

In other Imagination Technologies Group plc news, insider Millward,Guy bought 1,696 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was acquired at an average cost of GBX 212 ($2.77) per share, with a total value 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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