IP Group (LON:IPO) Hits New 52-Week High – Here’s What Happened

IP Group Plc (LON:IPO)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 67.90 and last traded at GBX 66.80, with a volume of 2673346 shares. The stock had previously closed at GBX 67.10.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of IP Group from GBX 103 to GBX 110 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, IP Group presently has an average rating of “Buy” and an average target price of GBX 105.

IP Group Price Performance

The business’s fifty day simple moving average is GBX 58.75 and its 200-day simple moving average is GBX 58.48. The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28. The firm has a market cap of £590.13 million, a P/E ratio of 9.41 and a beta of 1.26.

IP Group (LON:IPO) last issued its earnings results on Tuesday, March 17th. The company reported GBX 7.24 earnings per share (EPS) for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. As a group, analysts forecast that IP Group Plc will post 19.6245031 EPS 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. Our specialist investment team combines sector expertise with an international approach.