IP Group (LON:IPO) Sets New 12-Month High - What's Next?

Key Points

• IP Group Plc's share price reached a new 52-week high at GBX 62.50 ($0.85) but last traded down slightly at GBX 59.80 ($0.81).
• The company has a debt-to-equity ratio of 13.99 and a market cap of £526.53 million, indicating its financial leverage and size in the market.
• IP Group focuses on early-stage science investments across various sectors, including deeptech, life sciences, and cleantech.

IP Group Plc (LON:IPO - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 62.50 ($0.85) and last traded at GBX 59.80 ($0.81), with a volume of 105589 shares changing hands. The stock had previously closed at GBX 59.90 ($0.81).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on shares of IP Group from GBX 126 to GBX 100 and set a "buy" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IP Group has a consensus rating of "Buy" and a consensus price target of GBX 100.

IP Group Price Performance

The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28. The company has a market capitalization of £511.17 million, a PE ratio of -283.43 and a beta of 1.36. The company's 50-day simple moving average is GBX 57.81 and its 200-day simple moving average is GBX 48.51.

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.