IP Group (LON:IPO) Hits New 52-Week High – Should You Buy?

Shares of IP Group Plc (LON:IPO) hit a new 52-week high during trading on Thursday. The stock traded as high as GBX 77.70 and last traded at GBX 76.96, with a volume of 99,482 shares changing hands. The stock had previously closed at GBX 76.30.

Analyst Upgrades and Downgrades

IPO has been the topic of a number of research analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 119 target price on shares of IP Group in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of IP Group from GBX 110 to GBX 120 and gave the company a “buy” rating in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 119.50.

IP Group Price Performance

The stock has a market capitalization of £679.36 million, a PE ratio of 5.09 and a beta of 1.27. The firm’s 50 day simple moving average is GBX 71.14 and its 200 day simple moving average is GBX 63.95. The company has a debt-to-equity ratio of 11.90, a current ratio of 36.57 and a quick ratio of 8.59.

IP Group (LON:IPO) last announced its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.53 earnings per share (EPS) for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. As a group, equities 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.