IP Group Plc (LON:IPO – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as GBX 78 and last traded at GBX 77.16, with a volume of 26,647 shares changing hands. The stock had previously closed at GBX 76.30.
Analyst Ratings Changes
A number of research analysts have weighed in on IPO shares. Berenberg Bank reissued a “buy” rating and issued a GBX 119 target price on shares of IP Group in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft increased 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 analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 119.50.
Get Our Latest Report on IP Group
IP Group Trading Up 0.8%
The company has a market cap of £679.36 million, a PE ratio of 5.09 and a beta of 1.27. The company has a debt-to-equity ratio of 11.90, a current ratio of 36.57 and a quick ratio of 8.59. The company has a 50-day moving average of GBX 71.35 and a 200 day moving average of GBX 64.31.
IP Group (LON:IPO – Get Free Report) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 3.53 earnings per share for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. Analysts predict that IP Group Plc will post 19.62 earnings per share 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. Our specialist investment team combines sector expertise with an international approach.
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