Imagination Technologies Group PLC (LON:IMG) Receives a Downgrade
JP Morgan Cazenove cut their rating for shares of Imagination Technologies Group PLC (LON:IMG) to a Neutral in analysts note issued to investors and clients on Friday, 27 November. The brokerage firm after the upgrade has a firm GBX 230.00 price target on Imagination Technologies Group PLC (LON:IMG).
From a total of 11 analysts covering Imagination Technologies Group PLC (LON:IMG) stock, 3 rate it a ”Buy”, 6 a “Sell”, and 2 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is GBX 302 while the lowest target price is GBX 130. The mean of all analyst targets is GBX 199.67 with a -6.78% below today’s (GBX 214.2) stock price. Imagination Technologies Group PLC was the topic of 25 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. JP Morgan downgraded shares on November 27 to “Neutral” rating. BNP Paribas maintained shares with “Underperform” rating and GBX 130 target share price in a report from a September 28. FinnCap maintained IMG stock in a recent report from November 3 with “Sell” rating. Credit Suisse maintained the rating on September 17. Credit Suisse has a “Underperform” rating and a GBX 160 price target on shares. Finally, Barclays Capital maintained the stock with “Underweight” rating in a report issued on an October 12.
Approximately 16,857 shares of stock traded hands. Imagination Technologies Group plc (LON:IMG) has risen 11.32% since April 30, 2015 and is uptrending. It has outperformed by 12.68% the S&P500.
Imagination Technologies Group plc is a United Kingdom technology company. The company has a market cap of 586.36 million GBP. The Firm offers range of silicon IP , which includes the multimedia, communications and general purpose processors. It currently has negative earnings. The Firm has two divisions, which include Technology business and Pure business.