Imagination Technologies Group plc (LON:IMG)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse Group AG in a note issued to investors on Friday, May 5th. They presently have a GBX 100 ($1.29) price target on the communications company’s stock. Credit Suisse Group AG’s target price would suggest a potential downside of 0.25% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Liberum Capital reiterated a “buy” rating and issued a GBX 325 ($4.20) price objective on shares of Imagination Technologies Group plc in a report on Friday, January 6th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 310 ($4.00) price objective on shares of Imagination Technologies Group plc in a report on Tuesday, April 4th. Barclays PLC boosted their price objective on Imagination Technologies Group plc from GBX 175 ($2.26) to GBX 190 ($2.45) and gave the company an “equal weight” rating in a report on Tuesday, January 10th. Finally, Jefferies Group LLC downgraded Imagination Technologies Group plc to a “hold” rating and cut their price objective for the company from GBX 219 ($2.83) to GBX 95 ($1.23) in a report on Tuesday, April 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 122.20 ($1.58).
Imagination Technologies Group plc Company Profile
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.
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