IP Group (LON:IPO) Receives “Buy” Rating from Berenberg Bank

IP Group (LON:IPO)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday,Digital Look reports. They presently have a GBX 100 target price on the stock. Berenberg Bank’s price target suggests a potential upside of 72.41% from the company’s current price.

IP Group Price Performance

LON IPO opened at GBX 58 on Thursday. IP Group has a 12-month low of GBX 34.35 and a 12-month high of GBX 66.16. The firm’s 50 day moving average is GBX 59.34 and its 200-day moving average is GBX 57.89. The company has a market capitalization of £512.39 million, a PE ratio of -4.06 and a beta of 1.36. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99.

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.