IP Group (LON:IPO) Sets New 1-Year High - Still a Buy?

Key Points

• IP Group shares reached a new 52-week high of GBX 74.90 and last traded at GBX 73.70, up from the previous close of GBX 72.60.
• Analysts remain bullish: Deutsche Bank and Berenberg reiterated “Buy” ratings, while the consensus target price is GBX 114.50.
• Insider buying has been positive, with insiders purchasing 271,368 shares worth approximately £18.1 million over the past three months; insiders own 1.57% of the company.

IP Group Plc (LON:IPO - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 74.90 and last traded at GBX 73.70, with a volume of 7994173 shares trading hands. The stock had previously closed at GBX 72.60.

Analyst Upgrades and Downgrades

A number of analysts recently commented on IPO shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 110 target price on shares of IP Group in a research note on Wednesday, September 16th. Berenberg Bank reiterated a "buy" rating and set a GBX 119 price objective on shares of IP Group in a research note on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 114.50.

IP Group Stock Up 1.5%

The company has a market cap of £651.09 million, a price-to-earnings ratio of 10.38 and a beta of 1.27. The company has a current ratio of 36.57, a quick ratio of 8.59 and a debt-to-equity ratio of 11.90. The business has a fifty day moving average of GBX 68.21 and a two-hundred day moving average of GBX 63.41.

IP Group (LON:IPO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 15th. The company reported GBX 3.53 earnings per share for the quarter. IP Group had a net margin of 321.64% and a return on equity of 14.25%. As a group, equities analysts anticipate that IP Group Plc will post 19.6245031 EPS for the current fiscal year.

Insider Activity

In other news, insider Greg Smith purchased 45,000 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were bought at an average price of GBX 68 per share, with a total value of £30,600. Also, insider David Baynes acquired 26,368 shares of IP Group stock in a transaction on Wednesday, August 5th. The stock was purchased at an average price of GBX 68 per share, with a total value of £17,930.24. Over the last three months, insiders have purchased 271,368 shares of company stock worth $18,053,024. Corporate insiders own 1.57% of the company's stock.

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. Our specialist investment team combines sector expertise with an international approach.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.