IP Group (LON:IPO) Hits New 1-Year High – Here’s What Happened

IP Group Plc (LON:IPO)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 77.70 and last traded at GBX 76.96, with a volume of 99,482 shares changing hands. The stock had previously closed at GBX 76.30.

Analyst Ratings Changes

Several equities analysts have commented on the company. Berenberg Bank reissued a “buy” rating and set a GBX 119 price objective on shares of IP Group in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft boosted their price target on IP Group from GBX 110 to GBX 120 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 119.50.

IP Group Trading Up 0.8%

The stock has a fifty day moving average of GBX 71.14 and a 200 day moving average of GBX 63.95. The company has a market capitalization of £679.36 million, a P/E ratio of 5.09 and a beta of 1.27. The company has a debt-to-equity ratio of 11.90, a quick ratio of 8.59 and a current ratio of 36.57.

IP Group (LON:IPO) last released its earnings results on Tuesday, September 15th. The company reported GBX 3.53 earnings per share (EPS) for the quarter. IP Group had a net margin of 321.64% and a return on equity of 14.25%. As a group, equities research analysts anticipate that IP Group Plc will post 19.62 EPS for the current fiscal 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. Our specialist investment team combines sector expertise with an international approach.