IP Group (LON:IPO) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• IP Group shares crossed above their 200-day moving average (200‑day MA GBX 57.86), trading as high as GBX 64.90 and last at GBX 64.26 on volume of 2,541,598 shares.
• Analysts are broadly positive: Deutsche Bank lifted its target to GBX 110 and Berenberg reaffirmed a buy at GBX 100, leaving a consensus price target of GBX 105 and an overall "Buy" rating.
• The company has a market cap of £568.96m and a P/E of 9.07 with recent quarterly EPS of GBX 7.24, though an unusually large reported net margin (3,526%) suggests investors should check underlying earnings items before drawing conclusions.

IP Group Plc (LON:IPO - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 57.86 and traded as high as GBX 64.90. IP Group shares last traded at GBX 64.26, with a volume of 2,541,598 shares trading hands.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of IP Group from GBX 103 to GBX 110 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Berenberg Bank reiterated a "buy" rating and issued a GBX 100 target price on shares of IP Group in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of GBX 105.

IP Group Trading Up 0.6%

The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28. The company's fifty day moving average is GBX 55.55 and its 200-day moving average is GBX 57.86. The firm has a market capitalization of £568.96 million, a P/E ratio of 9.07 and a beta of 1.21.

IP Group (LON:IPO - Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 7.24 earnings per share (EPS) for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. As a group, sell-side analysts anticipate that IP Group Plc will post 19.6245031 earnings per share for the current fiscal 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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