IP Group (LON:IPO) Hits New 12-Month High - Still a Buy?

IP Group Plc (LON:IPO - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 57.50 ($0.77) and last traded at GBX 57.06 ($0.77), with a volume of 2075286 shares traded. The stock had previously closed at GBX 57.20 ($0.77).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 126 ($1.69) price target on shares of IP Group in a research report on Tuesday, March 25th.

IP Group Price Performance

The stock's 50-day moving average is GBX 48.57 and its 200 day moving average is GBX 46.27. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. The company has a market cap of £544.93 million, a PE ratio of -2.57 and a beta of 1.36.

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.