IP Group Plc (LON:IPO - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 45.93 ($0.63) and traded as high as GBX 48.45 ($0.66). IP Group shares last traded at GBX 47.70 ($0.65), with a volume of 3,767,548 shares changing hands.
Analyst Ratings Changes
Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 126 ($1.73) target price on shares of IP Group in a research note on Tuesday, March 25th.
View Our Latest Analysis on IP Group
IP Group Price Performance
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 has a market cap of £498.17 million, a P/E ratio of -2.35 and a beta of 1.36. The company's 50 day simple moving average is GBX 45.22 and its 200 day simple moving average is GBX 45.98.
IP Group (LON:IPO - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported GBX (19.97) (($0.27)) earnings per share (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 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.
Further Reading
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