IP Group (LON:IPO) Earns Buy Rating from Berenberg Bank

IP Group (LON:IPO)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a report issued on Tuesday, Digital Look reports. They presently have a GBX 119 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 75.00% from the company’s current price.

IP Group Stock Up 3.5%

Shares of IP Group stock opened at GBX 68 on Tuesday. The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28. The stock has a market capitalization of £600.73 million, a price-to-earnings ratio of 9.58 and a beta of 1.27. IP Group has a twelve month low of GBX 48 and a twelve month high of GBX 75. The business’s 50 day simple moving average is GBX 67.69 and its 200-day simple moving average is GBX 62.94.

IP Group (LON:IPO) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.53 earnings per share (EPS) for the quarter. IP Group had a return on equity of 7.14% and a net margin of 148.78%. Equities research analysts forecast that IP Group will post 19.6245031 earnings per share for the current year.

Insider Buying and Selling

In related news, insider David Baynes purchased 26,368 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were bought at an average price of GBX 68 per share, with a total value of £17,930.24. Also, insider Michael Queen acquired 200,000 shares of IP Group stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of GBX 66 per share, with a total value of £132,000. Insiders have acquired 271,368 shares of company stock worth $18,053,024 in the last ninety days. 1.57% of the stock is currently owned by corporate insiders.

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.