IP Group Plc (LON:IPO)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 263 ($3.43) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 53.89% from the company’s current price.

Separately, Beaufort Securities reissued a “buy” rating on shares of IP Group Plc in a research note on Thursday, August 11th.

Shares of IP Group Plc (LON:IPO) opened at 174.10 on Thursday. The company’s market cap is GBX 984.03 million. The company’s 50-day moving average price is GBX 185.55 and its 200 day moving average price is GBX 168.19. IP Group Plc has a 52 week low of GBX 117.70 and a 52 week high of GBX 245.60.

IP Group Plc Company Profile

IP Group plc (IP Group) is a United Kingdom-based intellectual property commercialization company. The Company develops intellectual property-based businesses. The Company operates through three business segments: University partnership business, Venture capital fund management and In-licensing activity.

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