Imagination Technologies Group plc (LON:IMG) had its price target increased by Liberum Capital from GBX 245 ($3.03) to GBX 325 ($4.02) in a research report sent to investors on Tuesday. Liberum Capital currently has a buy rating on the communications company’s stock.
Other equities analysts have also recently issued research reports about the company. Numis Securities Ltd reaffirmed an add rating and issued a GBX 280 ($3.47) target price on shares of Imagination Technologies Group plc in a report on Thursday, September 29th. Jefferies Group upped their target price on Imagination Technologies Group plc from GBX 199 ($2.46) to GBX 219 ($2.71) and gave the stock a buy rating in a report on Wednesday, August 10th. Peel Hunt reiterated a buy rating and issued a GBX 250 ($3.09) price target on shares of Imagination Technologies Group plc in a research report on Tuesday, July 5th. N+1 Singer reiterated a buy rating and issued a GBX 271 ($3.35) price target on shares of Imagination Technologies Group plc in a research report on Thursday, September 29th. Finally, Barclays PLC reiterated an equal weight rating and issued a GBX 175 ($2.17) price target on shares of Imagination Technologies Group plc in a research report on Wednesday, July 6th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 189.06 ($2.34).
Shares of Imagination Technologies Group plc (LON:IMG) opened at 249.529572 on Tuesday. The stock has a 50 day moving average price of GBX 245.77 and a 200-day moving average price of GBX 199.42. Imagination Technologies Group plc has a 52 week low of GBX 101.00 and a 52 week high of GBX 274.50. The firm’s market capitalization is GBX 685.60 million.
In related news, insider Millward,Guy acquired 1,696 shares of the stock in a transaction dated Thursday, July 21st. The stock was purchased at an average cost of GBX 212 ($2.62) per share, with a total value 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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