IP Group Plc (LON:IPO - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 50.90 ($0.68) and traded as high as GBX 57.30 ($0.77). IP Group shares last traded at GBX 56.93 ($0.76), with a volume of 1,555,412 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 100 price objective on shares of IP Group in a report on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, IP Group has a consensus rating of "Buy" and a consensus price target of GBX 100.
Check Out Our Latest Research Report on IPO
IP Group Trading Up 0.9%
The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. The stock's 50-day moving average is GBX 56.65 and its two-hundred day moving average is GBX 50.90. The stock has a market cap of £514.27 million, a P/E ratio of -4.02 and a beta of 1.36.
IP Group (LON:IPO - Get Free Report) last issued its quarterly earnings data on Wednesday, September 17th. The company reported GBX (4.55) earnings per share for the quarter. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%. Equities research analysts anticipate that IP Group Plc will post 19.6245031 EPS 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.
Further Reading
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