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

IP Group Plc (LON:IPO)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 59.54 and traded as high as GBX 69. IP Group shares last traded at GBX 66.40, with a volume of 485,402 shares changing hands.

Analyst Upgrades and Downgrades

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

IP Group Stock Performance

The company has a market capitalization of £586.60 million, a price-to-earnings ratio of 9.35 and a beta of 1.29. 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 stock has a 50-day simple moving average of GBX 65.23 and a 200-day simple moving average of GBX 59.54.

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.