IP Group (LON:IPO) Trading Up 10.3% – Time to Buy?

IP Group Plc (LON:IPO) rose 10.3% during trading on Monday . The company traded as high as GBX 59.97 ($0.80) and last traded at GBX 59.79 ($0.80). Approximately 7,938,207 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 5,196,351 shares. The stock had previously closed at GBX 54.20 ($0.72).

Analysts Set New Price Targets

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

IP Group Price Performance

The stock’s fifty day moving average price is GBX 56.66 and its 200-day moving average price is GBX 50.20. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. The firm has a market cap of £537.19 million, a price-to-earnings ratio of -420.17 and a beta of 1.36.

IP Group (LON:IPO) last released 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%. Equities research analysts predict that IP Group Plc will post 19.6245031 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.