IP Group (LON:IPO) Trading 11.4% Higher - Here's Why

Key Points

• IP Group Plc saw its share price increase by 11.4%, trading at GBX 60.40 ($0.81), with a significant trading volume of over 11.4 million shares, surpassing its average volume by 119%.
• Berenberg Bank adjusted its target price for IP Group from GBX 126 to GBX 100 while maintaining a "buy" rating, contributing to a market consensus rating of "Buy".
• As of the latest earnings report, IP Group posted a net margin of 106.78% but had a negative return on equity of -19.85%, highlighting challenges alongside its growth potential.

IP Group Plc (LON:IPO - Get Free Report)'s share price traded up 11.4% during trading on Monday . The company traded as high as GBX 60.60 ($0.81) and last traded at GBX 60.40 ($0.81). 11,442,805 shares were traded during trading, an increase of 119% from the average session volume of 5,214,051 shares. The stock had previously closed at GBX 54.20 ($0.72).

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their target price on IP Group from GBX 126 to GBX 100 and set a "buy" rating for the company in a report on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 100.

IP Group Price Performance

The company has a market capitalization of £539.88 million, a price-to-earnings ratio of -422.27 and a beta of 1.36. The stock has a fifty day simple moving average of GBX 56.66 and a 200-day simple moving average of GBX 50.20. 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 posted its quarterly earnings data on Wednesday, September 17th. The company reported GBX (4.55) EPS for the quarter. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%. On average, equities research analysts anticipate that IP Group Plc will post 19.6245031 EPS for the current 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.

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