IP Group Plc (LON:IPO - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 58.30 ($0.78) and last traded at GBX 58 ($0.78), with a volume of 259973 shares trading hands. The stock had previously closed at GBX 57.10 ($0.77).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 126 ($1.69) price target on shares of IP Group in a research report on Tuesday, March 25th.
Get Our Latest Analysis on IP Group
IP Group Stock Up 1.6%
The firm has a 50-day moving average of GBX 48.83 and a 200 day moving average of GBX 46.19. 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 stock has a market capitalization of £553.52 million, a price-to-earnings ratio of -2.61 and a beta of 1.36.
IP Group Company Profile
(
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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.
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