IP Group (LON:IPO) Hits New 12-Month High - Should You Buy?

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) hit a new 52-week high during mid-day 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).

Analyst Ratings Changes

Separately, Berenberg Bank cut their price objective on IP Group from GBX 126 to GBX 100 and set a "buy" rating for the company in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, IP Group has a consensus rating of "Buy" and a consensus target price of GBX 100.

IP Group Price Performance

The stock has a market capitalization of £501.24 million, a P/E ratio of -277.92 and a beta of 1.36. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The company has a fifty day simple moving average of GBX 57.85 and a two-hundred day simple moving average of GBX 48.63.

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.