IP Group (LON:IPO) Reaches New 12-Month High - Time to Buy?

Key Points

• IP Group hit a new 52‑week high — shares reached GBX 66.50 (last GBX 66.20) in mid‑day trade with heavy volume (~112.6 million shares) and were trading up about 2.8%.
• Analyst sentiment is positive — two analysts have Buy ratings, Deutsche Bank raised its target to GBX 110, and the consensus target is GBX 105.
• Valuation and recent results: the stock trades on a PE of 9.27 with a market cap around £581.3m, reported quarterly EPS of GBX 7.24, and analysts forecast roughly GBX 19.62 for the year.

IP Group Plc (LON:IPO - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 66.50 and last traded at GBX 66.20, with a volume of 112621617 shares trading hands. The stock had previously closed at GBX 64.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IPO. Deutsche Bank Aktiengesellschaft upped their price target on shares of IP Group from GBX 103 to GBX 110 and gave the company a "buy" rating in a research report on Wednesday, March 18th. Berenberg Bank restated a "buy" rating and set a GBX 100 price target on shares of IP Group in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 105.

IP Group Trading Up 2.8%

The firm's 50-day simple moving average is GBX 55.55 and its 200-day simple moving average is GBX 57.86. The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28. The firm has a market capitalization of £581.30 million, a PE ratio of 9.27 and a beta of 1.21.

IP Group (LON:IPO - Get Free Report) last posted its earnings results on Tuesday, March 17th. The company reported GBX 7.24 earnings per share for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. Equities analysts expect that IP Group Plc will post 19.6245031 earnings per share for the current year.

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. Our specialist investment team combines sector expertise with an international approach.

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