IP Group Plc (LON:IPO – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 66.40 and traded as high as GBX 71.50. IP Group shares last traded at GBX 68.80, with a volume of 1,237,935 shares.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 119 price objective on shares of IP Group in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft boosted their target price on IP Group from GBX 110 to GBX 120 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 119.50.
Read Our Latest Stock Analysis on IP Group
IP Group Price Performance
The firm’s 50 day simple moving average is GBX 70.45 and its two-hundred day simple moving average is GBX 66.63. The company has a debt-to-equity ratio of 11.90, a current ratio of 36.57 and a quick ratio of 8.59. The firm has a market capitalization of £617.52 million, a P/E ratio of 4.63 and a beta of 1.27.
IP Group (LON:IPO – Get Free Report) last announced its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.53 earnings per share (EPS) for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. As a group, analysts predict that IP Group Plc will post 19.62 earnings per share for the current year.
Insider Activity at IP Group
In related news, insider Michael Queen purchased 200,000 shares of IP Group stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of GBX 66 per share, for a total transaction of £132,000. 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 cost of GBX 68 per share, for a total transaction of £30,600. Insiders purchased 271,368 shares of company stock worth $18,053,024 in the last ninety days. 1.57% of the stock is owned by company 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.
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