IP Group's (IPO) Buy Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for IP Group (LON:IPO) with a price target of GBX 100, indicating a potential upside of 65.56%.
• As of the latest data, IP Group's stock is trading at GBX 60.40, with significant performance metrics showing a market capitalization of £540.78 million.
• In its latest earnings report, IP Group posted a negative earnings per share of GBX (4.55) for the quarter, alongside a negative return on equity of 19.85%.

IP Group (LON:IPO - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a research note issued on Monday,Digital Look reports. They currently have a GBX 100 price target on the stock. Berenberg Bank's price target suggests a potential upside of 65.56% from the company's current price.

IP Group Price Performance

IPO stock opened at GBX 60.40 on Monday. 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 firm has a market capitalization of £540.78 million, a P/E ratio of -422.97 and a beta of 1.36. The business's 50-day moving average is GBX 56.66 and its two-hundred day moving average is GBX 50.20. IP Group has a 1 year low of GBX 34.35 and a 1 year high of GBX 62.50.

IP Group (LON:IPO - Get Free Report) last issued its earnings results 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%. Analysts anticipate that IP Group will post 19.6245031 earnings per share for the current fiscal year.

About IP Group

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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