IP Group (LON:IPO) Hits New 52-Week High – Here’s What Happened

Shares of IP Group Plc (LON:IPO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 67.50 and last traded at GBX 64.60, with a volume of 68457773 shares trading hands. The stock had previously closed at GBX 62.80.

Analyst Ratings Changes

Several brokerages have recently issued reports on IPO. Berenberg Bank reissued a “buy” rating and issued a GBX 100 price target on shares of IP Group in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of IP Group from GBX 103 to GBX 110 and gave the company a “buy” rating in a report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 105.

IP Group Stock Performance

The stock has a market capitalization of £570.69 million, a price-to-earnings ratio of 9.10 and a beta of 1.26. 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’s 50 day moving average is GBX 57.45 and its two-hundred day moving average is GBX 58.32.

IP Group (LON:IPO) last announced its earnings results 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%. Analysts expect that IP Group Plc 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. Our specialist investment team combines sector expertise with an international approach.