IP Group (LON:IPO) Shares Cross Above 200-Day Moving Average – What’s Next?

IP Group Plc (LON:IPO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 59.16 and traded as high as GBX 70. IP Group shares last traded at GBX 65.40, with a volume of 1,457,282 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on IP Group from GBX 103 to GBX 110 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 105.

IP Group Price Performance

The stock has a market capitalization of £571.58 million, a PE ratio of 9.11 and a beta of 1.29. The firm’s fifty day moving average price is GBX 63.79 and its two-hundred day moving average price is GBX 59.16. The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28.

IP Group (LON:IPO) last released its quarterly earnings results on Tuesday, March 17th. The company reported GBX 7.24 earnings per share (EPS) for the quarter. IP Group had a return on equity of 7.16% and a net margin of 3,526.32%. On average, equities analysts predict that IP Group Plc will post 19.6245031 earnings per share for the current 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. Our specialist investment team combines sector expertise with an international approach.