Imagination Technologies Group (LON:IMG) Receives a Downgrade
London-listed Imagination Technologies Group (LON:IMG), was lowered by research professionals at JP Morgan Cazenove who lowered their rating on the 533.80 million GBP market cap firm to a Neutral, but decided to stick with their price target of GBX 230.00 on IMG shares.
From a total of 12 analysts covering Imagination Technologies Group PLC (LON:IMG) stock, 3 rate it a ”Buy”, 6 a “Sell”, and 3 a ”Hold”. This means that 25% 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 202.70 with a 3.95% above today’s (GBX 195) stock price. Imagination Technologies Group PLC was the topic of 26 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. J.P. Morgan downgraded shares on November 27 to “Neutral” rating. Barclays Capital maintained shares with “Underweight” rating and GBX 150 target share price in a report from an October 12. N+1 Singer maintained IMG stock in a recent report from November 11 with “Buy” rating. BNP Paribas maintained the rating on September 28. BNP Paribas has a “Underperform” rating and a GBX 130 price target on shares. Finally, Liberum Capital downgraded the stock to “Hold” rating in a report issued on an October 27.
The stock decreased 10.86% or GBX 23.75 on November 27, striking GBX 195. Approximately 3.41 million shares of stock traded hands or 548.35% up from the average. Imagination Technologies Group plc (LON:IMG) has declined 0.81% since May 1, 2015 and is downtrending. It has outperformed by 0.08% the S&P500.
Imagination Technologies Group plc is a United Kingdom technology company. The company has a market cap of 533.80 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.