IP Group (LON:IPO) Sets New 12-Month High – Should You Buy?

IP Group Plc (LON:IPO) shares reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 75.68 and last traded at GBX 75.09, with a volume of 261146 shares changing hands. The stock had previously closed at GBX 73.60.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IPO. Berenberg Bank reissued a “buy” rating and set a GBX 119 target price on shares of IP Group in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 110 price target on shares of IP Group in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 114.50.

IP Group Stock Down 0.3%

The business’s fifty day moving average price is GBX 69.49 and its 200 day moving average price is GBX 64.73. The firm has a market capitalization of £643.97 million, a price-to-earnings ratio of 10.27 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) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 3.53 EPS for the quarter. IP Group had a net margin of 321.64% and a return on equity of 14.25%. On average, equities analysts expect that IP Group Plc will post 19.6245031 EPS for the current year.

Insider Activity

In related news, insider Greg Smith purchased 45,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were purchased at an average price of GBX 68 per share, with a total value of £30,600. Also, insider Michael Queen purchased 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of GBX 66 per share, for a total transaction of £132,000. Over the last three months, insiders acquired 271,368 shares of company stock valued at $18,053,024. 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.