Is there a Bearish outlook for Imagination Technologies Group plc (LON:IMG) this week?

June 19, 2017 - By Vivian Currie

 Is there a Bearish outlook for Imagination Technologies Group plc (LON:IMG) this week?

Imagination Technologies Group plc (LON:IMG) Ratings Coverage

Among 18 analysts covering Imagination Technologies Group PLC (LON:IMG), 3 have Buy rating, 5 Sell and 10 Hold. Therefore 17% are positive. Imagination Technologies Group PLC had 142 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Underperform” rating by BNP Paribas given on Monday, October 10. J.P. Morgan maintained it with “Neutral” rating and GBX 190 target in Tuesday, February 9 report. On Thursday, July 7 the stock rating was maintained by Deutsche Bank with “Sell”. The rating was maintained by Liberum Capital with “Buy” on Wednesday, August 5. As per Wednesday, July 13, the company rating was maintained by Deutsche Bank. The firm earned “Overwt/In-Line” rating on Tuesday, January 26 by Morgan Stanley. The rating was downgraded by J.P. Morgan on Friday, November 27 to “Neutral”. The stock has “Sell” rating by Deutsche Bank on Wednesday, December 7. As per Friday, May 5, the company rating was maintained by JP Morgan. Barclays Capital maintained the stock with “Underweight” rating in Friday, January 8 report. Below is a list of Imagination Technologies Group plc (LON:IMG) latest ratings and price target changes.

23/05/2017 Broker: Liberum Capital Rating: Hold Old Target: GBX 95.00 New Target: GBX 95.00 Maintain
09/05/2017 Broker: Numis Securities Rating: Buy New Target: GBX 166.00 Maintain
05/05/2017 Broker: JP Morgan Rating: Neutral Old Target: GBX 95.00 New Target: GBX 95.00 Maintain
05/05/2017 Broker: Liberum Capital Rating: Hold Old Target: GBX 325.00 New Target: GBX 95.00 Downgrade
05/05/2017 Broker: Credit Suisse Rating: Neutral Old Target: GBX 100.00 New Target: GBX 100.00 Maintain
04/05/2017 Broker: N+1 Singer Rating: Sell New Target: GBX 80.00 Maintain
12/04/2017 Broker: JP Morgan Rating: Neutral Old Target: GBX 250.00 New Target: GBX 95.00 Maintain
11/04/2017 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 190.00 New Target: GBX 100.00 Maintain
04/04/2017 Broker: Numis Securities Rating: Buy New Target: GBX 310.00 Maintain
04/04/2017 Broker: Deutsche Bank Rating: Sell Old Target: GBX 170.00 New Target: GBX 76.00 Maintain

About 1.51M shares traded. Imagination Technologies Group plc (LON:IMG) has 0.00% since June 19, 2016 and is . It has underperformed by 16.70% the S&P500.

Imagination Technologies Group PLC is a global technology firm engaged in intellectual property licensing activities. The company has market cap of 354.59 million GBP. The Firm 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. It currently has negative earnings. It sub divided its technology segment into five divisions, which include PowerVR, MIPS, Ensgima, IMGworks and IMG Systems.

More notable recent Imagination Technologies Group plc (LON:IMG) news were published by: Fool.Co.Uk which released: “Is Imagination Technologies Group plc a bargain buy after 60% fall?” on April 17, 2017, also Fool.com with their article: “Imagination Technologies Group plc Scales Back MIPS Ambitions” published on July 06, 2016, Seekingalpha.com published: “How Imagination Technologies Showed The Risks Of Momentum Traps” on April 05, 2017. More interesting news about Imagination Technologies Group plc (LON:IMG) were released by: Bloomberg.com and their article: “Imagination Tech Shares Plunge After Apple Rejects Chip Deal” published on April 03, 2017 as well as Fool.com‘s news article titled: “Imagination Technologies Group plc Sharpens Focus on Graphics” with publication date: July 07, 2016.

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