IP Group's (IPO) "Buy" Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on IP Group and maintained a GBX 110 price target, implying 62% upside from the stock’s GBX 67.90 price. Berenberg also reiterated a “Buy” rating with a GBX 119 target.
• IP Group shares rose to GBX 67.90, with the stock valued at approximately £599.85 million. Analysts’ consensus rating is “Buy,” with an average target price of GBX 114.50.
• Company insiders recently purchased 271,368 shares worth about £18.05 million, including significant acquisitions by Michael Queen and David Baynes.

IP Group (LON:IPO - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 110 price target on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 62.00% from the stock's current price.

Separately, Berenberg Bank restated a "buy" rating and set a GBX 119 target price on shares of IP Group in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 114.50.

IP Group Stock Performance

IPO stock traded up GBX 0.60 on Wednesday, hitting GBX 67.90. The company's stock had a trading volume of 539,602 shares, compared to its average volume of 6,966,913. The stock has a market cap of £599.85 million, a price-to-earnings ratio of 9.56 and a beta of 1.27. The firm has a 50 day moving average of GBX 67.74 and a two-hundred day moving average of GBX 63.01. The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28. IP Group has a 1 year low of GBX 48 and a 1 year high of GBX 75.

IP Group (LON:IPO - Get Free Report) last announced its earnings results on Tuesday, September 15th. The company reported GBX 3.53 earnings per share for the quarter. IP Group had a net margin of 148.78% and a return on equity of 7.14%. Equities analysts predict that IP Group will post 19.6245031 EPS for the current fiscal year.

Insider Buying and Selling at IP Group

In other news, insider Michael Queen acquired 200,000 shares of IP Group stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of GBX 66 per share, with a total value of £132,000. Also, insider David Baynes bought 26,368 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of GBX 68 per share, with a total value of £17,930.24. Insiders acquired 271,368 shares of company stock worth $18,053,024 in the last 90 days. 1.57% of the stock is 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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