Berenberg Bank Reaffirms “Buy” Rating for IP Group (LON:IPO)

IP Group (LON:IPO)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report released 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 previous close.

IP Group Stock Performance

LON IPO opened at GBX 58 on Thursday. The firm has a market capitalization of £512.39 million, a P/E ratio of -4.06 and a beta of 1.36. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The firm’s fifty day moving average price is GBX 59.34 and its two-hundred day moving average price is GBX 57.89. IP Group has a 1 year low of GBX 34.35 and a 1 year high of GBX 66.16.

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.