IP Group’s (IPO) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of IP Group (LON:IPO) in a research note published on Tuesday morning, Marketbeat.com reports. The firm currently has a GBX 126 ($1.63) target price on the stock.

IP Group Stock Performance

LON:IPO opened at GBX 42.70 ($0.55) on Tuesday. The company has a market capitalization of £407.50 million, a price-to-earnings ratio of -1.92 and a beta of 1.36. The business has a 50 day moving average of GBX 46.14 and a 200 day moving average of GBX 47.43. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. IP Group has a 1-year low of GBX 35.65 ($0.46) and a 1-year high of GBX 56.20 ($0.73).

IP Group (LON:IPO) last issued its earnings results on Tuesday, March 25th. The company reported GBX (19.97) (($0.26)) earnings per share (EPS) for the quarter. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%. On average, sell-side analysts predict that IP Group will post 19.6245031 earnings per share for the current fiscal year.

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.