Imagination Technologies Group plc (LON:IMG)‘s stock had its “overwt/in-line” rating reissued by equities research analysts at Morgan Stanley in a research note issued on Tuesday, ARN reports. They presently have a GBX 180 ($2.56) target price on the communications company’s stock. Morgan Stanley’s price target would indicate a potential upside of 32.35% from the stock’s previous close.

In other news, insider Nordberg ,Bert purchased 2,500 shares of Imagination Technologies Group plc stock in a transaction that occurred on Monday, December 21st. The shares were acquired at an average price of GBX 132 ($1.88) per share, for a total transaction of £3,300 ($4,701.52). Also, insider Yassaie,Hossein purchased 20,000 shares of Imagination Technologies Group plc stock in a transaction that occurred on Thursday, December 17th. The shares were purchased at an average price of GBX 122 ($1.74) per share, for a total transaction of £24,400 ($34,762.79).

Imagination Technologies Group plc (LON:IMG) traded down 6.69% during midday trading on Tuesday, reaching GBX 136.00. The company had a trading volume of 933,160 shares. Imagination Technologies Group plc has a one year low of GBX 101.00 and a one year high of GBX 267.25. The firm’s market capitalization is GBX 370.74 million. The stock’s 50 day moving average price is GBX 132.07 and its 200-day moving average price is GBX 205.38.

Other equities analysts have also issued reports about the stock. Liberum Capital lowered shares of Imagination Technologies Group plc to a “hold” rating and reduced their target price for the stock from GBX 275 ($3.92) to GBX 250 ($3.56) in a research note on Tuesday, October 27th. Barclays reissued an “underweight” rating and set a GBX 150 ($2.14) price target on shares of Imagination Technologies Group plc in a research report on Monday, October 12th. JP Morgan Asian Investment Trust Plc cut shares of Imagination Technologies Group plc to a “neutral” rating and cut their price target for the stock from GBX 275 ($3.92) to GBX 230 ($3.28) in a research report on Saturday, November 28th. BNP Paribas boosted their price target on shares of Imagination Technologies Group plc from GBX 95 ($1.35) to GBX 130 ($1.85) and gave the stock an “underperform” rating in a research report on Monday, December 21st. Finally, Investec reissued a “buy” rating on shares of Imagination Technologies Group plc in a research report on Tuesday, December 15th. Eight research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 162.24 ($2.31).

Imagination Technologies Group plc is a United Kingdom-based technology company. The Company offers range of silicon IP (LON:IMG), which includes the multimedia, communications and general purpose processors. The Company has two segments, which include Technology business and Pure business. Its Technology business segment is engaged in the development of graphics, video, vision, processor, communications and connectivity technologies for licensing to semiconductor companies for incorporation into silicon devices. Its Pure business segment is engaged in the development and marketing of consumer products to manage the technologies of the Technology business, and to develop markets for such technologies. Its platforms and technologies include vision platform, connected processor platform and omnishield technology, among others. Its products include PowerVR Multimedia, FlowCloud Connectivity, MIPS Processors, FlowTalk VoIP and Ensigma Communications.

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