IP Group (LON:IPO) Sets New 52-Week High - Time to Buy?

IP Group Plc (LON:IPO - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 55.80 ($0.76) and last traded at GBX 55.66 ($0.76), with a volume of 4231069 shares changing hands. The stock had previously closed at GBX 55.30 ($0.75).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 126 ($1.71) target price on shares of IP Group in a research report on Tuesday, March 25th.

IP Group Price Performance

The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99. The firm has a market capitalization of £531.57 million, a price-to-earnings ratio of -2.50 and a beta of 1.36. The company has a fifty day moving average price of GBX 46.75 and a two-hundred day moving average price of GBX 46.02.

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.

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