IP Group (LON:IPO) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• IP Group shares rose 3.2% to GBX 73.60, moving above the 200-day moving average of GBX 64.38 on elevated volume.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of GBX 114.50; Berenberg and Deutsche Bank set targets of GBX 119 and GBX 110, respectively.
• Insiders bought 271,368 shares over the past quarter, while the company reported quarterly EPS of GBX 3.53 and maintains strong liquidity ratios.

IP Group Plc (LON:IPO - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of GBX 64.38 and traded as high as GBX 73.60. IP Group shares last traded at GBX 73.60, with a volume of 2,223,185 shares.

Analyst Upgrades and Downgrades

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

IP Group Trading Up 3.2%

The stock's fifty day moving average price is GBX 69.20 and its 200 day moving average price is GBX 64.38. The stock has a market cap of £650.20 million, a P/E ratio of 10.37 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.

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 (EPS) for the quarter. IP Group had a net margin of 321.64% and a return on equity of 14.25%. Equities research analysts expect that IP Group Plc will post 19.6245031 earnings per share for the current year.

Insider Buying and Selling at IP Group

In other IP Group news, insider Michael Queen bought 200,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was acquired at an average price of GBX 66 per share, with a total value of £132,000. Also, insider David Baynes bought 26,368 shares of the stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average price of GBX 68 per share, with a total value of £17,930.24. Over the last quarter, insiders acquired 271,368 shares of company stock valued at $18,053,024. Corporate insiders own 1.57% of the company's stock.

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

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