IP Group (LON:IPO) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

IP Group Plc (LON:IPO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 58.02 and traded as high as GBX 60.23. IP Group shares last traded at GBX 59.20, with a volume of 9,419,559 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 100 price target on shares of IP Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, IP Group currently has an average rating of “Buy” and an average target price of GBX 100.

IP Group Stock Performance

The company has a market cap of £522.99 million, a PE ratio of -4.15 and a beta of 1.36. The stock’s 50 day simple moving average is GBX 59.13 and its two-hundred day simple moving average is GBX 58.03. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99.

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.