IP Group (LON:IPO) Sets New 52-Week High – Here’s Why

IP Group Plc (LON:IPO)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 62.50 and last traded at GBX 62.17, with a volume of 2540590 shares. The stock had previously closed at GBX 60.10.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 100 target price on shares of IP Group in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 100.

IP Group Price Performance

The company’s 50 day simple moving average is GBX 56.49 and its 200-day simple moving average is GBX 53.02. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The company has a market capitalization of £551.72 million, a price-to-earnings ratio of -4.35 and a beta of 1.36.

IP Group (LON:IPO) last released its quarterly earnings results on Wednesday, September 17th. The company reported GBX (4.55) 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%. On average, equities research analysts predict that IP Group Plc will post 19.6245031 earnings per share for the current fiscal 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.