IP Group (LON:IPO) Reaches New 12-Month High – Here’s Why

Shares of IP Group Plc (LON:IPO) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 78 and last traded at GBX 77.16, with a volume of 26,647 shares. The stock had previously closed at GBX 76.30.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Deutsche Bank boosted their price objective on IP Group from GBX 110 to GBX 120 and gave the stock a “buy” rating in a report on Friday, October 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 119 price target on shares of IP Group in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, IP Group presently has an average rating of “Buy” and an average target price of GBX 119.50.

IP Group Price Performance

The company has a market capitalization of £664.34 million, a P/E ratio of 4.98 and a beta of 1.27. The company’s 50-day moving average price is GBX 71.66 and its two-hundred day moving average price is GBX 64.49. The company has a debt-to-equity ratio of 11.90, a current ratio of 36.57 and a quick ratio of 8.59.

IP Group (LON:IPO) last announced its earnings results on Tuesday, September 15th. The company reported GBX 3.53 earnings per share (EPS) for the quarter. IP Group had a net margin of 321.64% and a return on equity of 14.25%. As a group, sell-side analysts expect that IP Group Plc will post 19.62 EPS for the current 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.