Shares of IP Group Plc (LON:IPO – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 78 and last traded at GBX 77.16, with a volume of 26,647 shares changing hands. The stock had previously closed at GBX 76.30.
Analyst Ratings Changes
Several research firms have issued reports on IPO. Berenberg Bank restated a “buy” rating and set a GBX 119 target price on shares of IP Group in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft raised their price target on IP Group from GBX 110 to GBX 120 and gave the company a “buy” rating in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 119.50.
View Our Latest Analysis on IPO
IP Group Trading Up 0.8%
The stock has a market capitalization of £679.36 million, a P/E ratio of 5.09 and a beta of 1.27. The stock has a 50-day moving average price of GBX 71.35 and a two-hundred day moving average price of GBX 64.31. The company has a debt-to-equity ratio of 11.90, a quick ratio of 8.59 and a current ratio of 36.57.
IP Group (LON:IPO – Get Free Report) last released its earnings results on Tuesday, September 15th. The company reported GBX 3.53 EPS for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. On average, research analysts forecast that IP Group Plc will post 19.62 EPS for the current fiscal year.
IP Group Company Profile
IP Group accelerates the impact of science for a better future. As the most active UK based, early-stage science investor, we develop and support some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK’s largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach.
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