Todays Report: The Liberum Capital Boosts Imagination Technologies Group plc (IMG) Price Target to GBX 325

The Liberum Capital Boosts Imagination Technologies Group plc (IMG) Price Target to GBX 325

Imagination Technologies Group plc (LON:IMG) had its target price hoisted by Liberum Capital from GBX 245 ($3.03) to GBX 325 ($4.02) in a research report sent to investors on Tuesday morning. They currently have a buy rating on the communications company’s stock.

IMG has been the subject of several other reports. BNP Paribas reaffirmed an underperform rating and issued a GBX 140 ($1.73) price objective on shares of Imagination Technologies Group plc in a research report on Monday, September 19th. Credit Suisse Group AG reiterated an underperform rating and issued a GBX 125 ($1.55) price target on shares of Imagination Technologies Group plc in a report on Friday, September 16th. FinnCap reiterated an under review rating on shares of Imagination Technologies Group plc in a report on Monday, August 15th. Peel Hunt reiterated a buy rating and issued a GBX 250 ($3.09) price target on shares of Imagination Technologies Group plc in a report on Tuesday, July 5th. 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 report on Wednesday, July 6th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Imagination Technologies Group plc currently has a consensus rating of Hold and an average target price of GBX 189.06 ($2.34).

Imagination Technologies Group plc (LON:IMG) opened at 256.75 on Tuesday. The stock’s market cap is GBX 705.44 million. Imagination Technologies Group plc has a 12-month low of GBX 101.00 and a 12-month high of GBX 274.50. The stock has a 50 day moving average of GBX 244.82 and a 200 day moving average of GBX 199.07.

In related news, insider Millward,Guy purchased 1,696 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The shares were purchased at an average price of GBX 212 ($2.62) per share, with a total value of £3,595.52 ($4,449.90).

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