IP Group (LON:IPO) Hits New 1-Year High – What’s Next?

IP Group Plc (LON:IPO) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 72 and last traded at GBX 69.60, with a volume of 3038795 shares trading hands. The stock had previously closed at GBX 69.10.

Analyst Upgrades and Downgrades

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

IP Group Price Performance

The stock has a market capitalization of £614.87 million, a P/E ratio of 9.80 and a beta of 1.26. The business’s 50 day simple moving average is GBX 60.42 and its two-hundred day simple moving average is GBX 58.75. The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28.

IP Group (LON:IPO) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 7.24 earnings per share for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. As a group, sell-side analysts forecast that IP Group Plc will post 19.6245031 earnings per share 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.