IP Group Plc (LON:IPO – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 74.90 and last traded at GBX 73.70, with a volume of 7994173 shares trading hands. The stock had previously closed at GBX 72.60.
Analysts Set New Price Targets
A number of research analysts recently weighed in on IPO shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 119 target price on shares of IP Group in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 110 price target on shares of IP Group in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 114.50.
Read Our Latest Stock Report on IP Group
IP Group Trading Down 1.9%
IP Group (LON:IPO – Get Free Report) last released its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.53 EPS for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. On average, analysts predict that IP Group Plc will post 19.6245031 earnings per share for the current year.
Insider Activity
In related news, insider David Baynes bought 26,368 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were acquired at an average cost of GBX 68 per share, for a total transaction of £17,930.24. Also, insider Greg Smith purchased 45,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was bought at an average price of GBX 68 per share, with a total value of £30,600. Over the last quarter, insiders purchased 271,368 shares of company stock worth $18,053,024. 1.57% of the stock is currently owned by corporate insiders.
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.
Recommended Stories
- Five stocks we like better than IP Group
- DraftKings Falls 7.6%: Is Kalshi’s NFL Lead Really That Big?
- Gaming Your Portfolio: Should You Add Take-Two Ahead of GTA 6’s November Launch?
- Chips to Bots: Qualcomm’s Agentic AI Breakout
- Ciena Fell 40%—Now One Analyst Sees 50% Upside
Receive News & Ratings for IP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IP Group and related companies with MarketBeat.com's FREE daily email newsletter.
