IP Group (LON:IPO) Issues Quarterly Earnings Results

Key Points

• IP Group reported a quarterly earnings per share (EPS) of GBX 4.55 but had a negative return on equity of 19.85% and an impressive net margin of 106.78%.
• The company's stock experienced a 6.2% drop, opening at GBX 52.07, with a market cap of £470.26 million.
• Despite recent setbacks, IP Group maintains a consensus rating of "Buy" with an average target price of GBX 100 according to analysts.

IP Group (LON:IPO - Get Free Report) released its earnings results on Wednesday. The company reported GBX (4.55) earnings per share (EPS) for the quarter, Digital Look Earnings reports. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%.

IP Group Trading Up 0.9%

Shares of IP Group stock traded up GBX 0.50 during midday trading on Friday, reaching GBX 53.40. The company had a trading volume of 7,524,920 shares, compared to its average volume of 5,257,570. The stock has a fifty day moving average price of GBX 57.68 and a 200 day moving average price of GBX 48.96. 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 firm has a market cap of £482.27 million, a PE ratio of -267.40 and a beta of 1.36. IP Group has a fifty-two week low of GBX 34.35 and a fifty-two week high of GBX 62.50.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their price target on IP Group from GBX 126 to GBX 100 and set a "buy" rating on the stock in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 100.

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.