Free Trial

IP Group (LON:IPO) Given New GBX 100 Price Target at Berenberg Bank

IP Group logo with Financial Services background

Key Points

  • Berenberg Bank has reduced its price target for IP Group from GBX 126 to GBX 100, while maintaining a "buy" rating on the stock.
  • Despite the lower target, this suggests a potential upside of 69.49% from the stock's previous close.
  • IP Group's current stock price opened at GBX 59, with a 12-month high of GBX 62.50 and a low of GBX 34.35.
  • Five stocks we like better than IP Group.

IP Group (LON:IPO - Free Report) had its price target cut by Berenberg Bank from GBX 126 to GBX 100 in a research report sent to investors on Wednesday, MarketBeat.com reports. They currently have a buy rating on the stock.

IP Group Price Performance

Shares of LON:IPO traded down GBX 1.70 during mid-day trading on Wednesday, reaching GBX 56.60. The stock had a trading volume of 3,083,239 shares, compared to its average volume of 5,289,857. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The company has a market cap of £511.17 million, a P/E ratio of -283.43 and a beta of 1.36. IP Group has a 1 year low of GBX 34.35 and a 1 year high of GBX 62.50. The business's 50 day moving average price is GBX 57.81 and its 200 day moving average price is GBX 48.51.

About IP Group

(Get Free Report)

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.

Read More

Should You Invest $1,000 in IP Group Right Now?

Before you consider IP Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IP Group wasn't on the list.

While IP Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.