Shares of IP Group Plc (LON:IPO - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 48.29 ($0.66) and traded as high as GBX 60.02 ($0.82). IP Group shares last traded at GBX 59.50 ($0.81), with a volume of 1,440,741 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank cut their target price on shares of 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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 100.
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IP Group Stock Performance
The firm has a market capitalization of £501.24 million, a price-to-earnings ratio of -277.92 and a beta of 1.36. The firm's 50-day moving average price is GBX 57.86 and its two-hundred day moving average price is GBX 48.68. The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28.
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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