IP Group Plc (LON:IPO – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 67 and last traded at GBX 64.89, with a volume of 2962568 shares trading hands. The stock had previously closed at GBX 66.
Analyst Upgrades and Downgrades
Several research firms recently commented on IPO. Deutsche Bank Aktiengesellschaft increased their target price on IP Group from GBX 103 to GBX 110 and gave the company a “buy” rating in a report on Wednesday, March 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 100 target price on shares of IP Group in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 105.
Check Out Our Latest Stock Analysis on IPO
IP Group Stock Performance
IP Group (LON:IPO – Get Free Report) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 7.24 earnings per share (EPS) for the quarter. IP Group had a return on equity of 7.16% and a net margin of 3,526.32%. On average, research analysts forecast that IP Group Plc will post 19.6245031 EPS for the current fiscal year.
About IP Group
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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