IP Group (LON:IPO) Trading Up 10.3% – Still a Buy?

IP Group Plc (LON:IPO)’s share price traded up 10.3% on Monday . The stock traded as high as GBX 59.97 ($0.80) and last traded at GBX 59.79 ($0.80). 7,938,207 shares traded hands during trading, an increase of 53% from the average session volume of 5,196,351 shares. The stock had previously closed at GBX 54.20 ($0.72).

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price target on IP Group from GBX 126 to GBX 100 and set a “buy” rating on the stock in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IP Group presently has an average rating of “Buy” and a consensus target price of GBX 100.

IP Group Trading Up 10.7%

The business has a 50 day simple moving average of GBX 56.66 and a 200-day simple moving average of GBX 50.20. The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28. The stock has a market capitalization of £537.19 million, a P/E ratio of -420.17 and a beta of 1.36.

IP Group (LON:IPO) last issued its quarterly earnings results on Wednesday, September 17th. The company reported GBX (4.55) earnings per share (EPS) for the quarter. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%. On average, analysts predict that IP Group Plc will post 19.6245031 EPS for the current 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.