Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for IP Group (LON:IPO) Stock

IP Group (LON:IPO) had its target price boosted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 110 to GBX 120 in a report released on Friday, London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 64.61% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 119 price target on shares of IP Group in a report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IP Group presently has a consensus rating of “Buy” and a consensus price target of GBX 119.50.

IP Group Stock Performance

Shares of IPO stock opened at GBX 72.90 on Friday. The company has a market capitalization of £644.02 million, a P/E ratio of 10.27 and a beta of 1.27. IP Group has a 12-month low of GBX 48 and a 12-month high of GBX 76.90. The business’s 50 day moving average is GBX 69.64 and its two-hundred day moving average is GBX 64.91. 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 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%. Analysts expect that IP Group will post 19.6245031 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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. Also, insider Michael Queen purchased 200,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average price of GBX 66 per share, with a total value of £132,000. Insiders purchased a total of 271,368 shares of company stock valued at $18,053,024 over the last three months. 1.57% of the stock is currently owned by company insiders.

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.