IP Group Plc (LON:IPO - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 49.39 ($0.66) and traded as high as GBX 53.10 ($0.71). IP Group shares last traded at GBX 52.30 ($0.70), with a volume of 2,615,337 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank reduced their target price on IP Group from GBX 126 to GBX 100 and set a "buy" rating for the company in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of GBX 100.
Check Out Our Latest Stock Analysis on IPO
IP Group Stock Up 0.4%
The firm has a market cap of £472.34 million, a price-to-earnings ratio of -261.89 and a beta of 1.36. The business has a fifty day simple moving average of GBX 57.33 and a 200 day simple moving average of GBX 49.39. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59.
IP Group (LON:IPO - Get Free Report) last issued its quarterly earnings results on Wednesday, September 17th. The company reported GBX (4.55) EPS for the quarter. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%. As a group, equities analysts forecast that IP Group Plc will post 19.6245031 EPS for the current fiscal year.
About IP Group
(
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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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