IP Group (LON:IPO) Hits New 1-Year High – Still a Buy?

IP Group Plc (LON:IPO) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 67 and last traded at GBX 64.89, with a volume of 2962568 shares changing hands. The stock had previously closed at GBX 66.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IPO. Deutsche Bank Aktiengesellschaft increased their price objective on IP Group from GBX 103 to GBX 110 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 100 price objective on shares of IP Group in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 105.

IP Group Stock Performance

The company has a debt-to-equity ratio of 12.28, a current ratio of 0.16 and a quick ratio of 8.59. The stock has a market cap of £572.90 million, a price-to-earnings ratio of 9.13 and a beta of 1.26. The stock’s 50-day moving average is GBX 56.20 and its 200 day moving average is GBX 58.11.

IP Group (LON:IPO) last announced its quarterly earnings data on Tuesday, March 17th. The company reported GBX 7.24 EPS for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. As a group, analysts predict that IP Group Plc will post 19.6245031 earnings per share 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.