IP Group (LON:IPO) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank raised IP Group’s price target from GBX 110 to GBX 120 and maintained a “buy” rating, implying 63.93% upside from the current price. Analysts collectively rate the stock “Buy,” with an average target of GBX 119.50.
• IP Group shares opened at GBX 73.20 and were trading down 1.1%; the company has a £646.67 million market capitalization and a 52-week range of GBX 48 to GBX 76.90.
• Insiders have been buying shares: executives purchased 271,368 shares worth approximately £18.1 million over the past 90 days, signaling insider confidence in the company.

IP Group (LON:IPO - Get Free Report) had its target price increased by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 110 to GBX 120 in a research note issued to investors on Friday, London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 63.93% from the stock's current price.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 119 price objective on shares of IP Group in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 119.50.

IP Group Trading Down 1.1%

IPO stock opened at GBX 73.20 on Friday. IP Group has a twelve month low of GBX 48 and a twelve month high of GBX 76.90. The stock has a market capitalization of £646.67 million, a price-to-earnings ratio of 10.31 and a beta of 1.27. The company has a quick ratio of 8.59, a current ratio of 36.57 and a debt-to-equity ratio of 11.90. The firm's fifty day simple moving average is GBX 69.64 and its two-hundred day simple moving average is GBX 64.91.

IP Group (LON:IPO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 15th. The company reported GBX 3.53 EPS for the quarter. IP Group had a net margin of 321.64% and a return on equity of 14.25%. As a group, analysts anticipate that IP Group will post 19.6245031 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Greg Smith purchased 45,000 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average price of GBX 68 per share, with a total value of £30,600. Also, insider Michael Queen purchased 200,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of GBX 66 per share, for a total transaction of £132,000. In the last ninety days, insiders bought 271,368 shares of company stock worth $18,053,024. 1.57% of the stock is currently owned by company 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.

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