IP Group Plc (LON:IPO - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 48.78 ($0.66) and traded as high as GBX 54.30 ($0.74). IP Group shares last traded at GBX 52.90 ($0.72), with a volume of 3,354,346 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank lowered their target price on shares of IP Group from GBX 126 to GBX 100 and set a "buy" rating on the stock in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 100.
Read Our Latest Stock Analysis on IP Group
IP Group Price Performance
The business's 50-day simple moving average is GBX 57.75 and its two-hundred day simple moving average is GBX 48.78. The stock has a market cap of £477.76 million, a price-to-earnings ratio of -264.90 and a beta of 1.36. 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 released its quarterly earnings results on Wednesday, September 17th. The company reported GBX (4.55) earnings per share (EPS) for the quarter. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%. Research analysts expect that IP Group Plc will post 19.6245031 earnings per share for the current 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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