IP Group (LON:IPO) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

IP Group Plc (LON:IPO)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 57.35 and traded as high as GBX 62.80. IP Group shares last traded at GBX 62.39, with a volume of 1,601,431 shares.

Wall Street Analysts Forecast Growth

IPO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on IP Group from GBX 103 to GBX 110 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Berenberg Bank reissued a “buy” rating and issued a GBX 100 price target on shares of IP Group in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IP Group currently has an average rating of “Buy” and an average price target of GBX 105.

IP Group Stock Performance

The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28. The company has a 50 day simple moving average of GBX 54.91 and a 200-day simple moving average of GBX 57.47. The stock has a market capitalization of £562.74 million, a price-to-earnings ratio of 8.97 and a beta of 1.21.

IP Group (LON:IPO) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 7.24 earnings per share (EPS) for the quarter. IP Group had a return on equity of 7.16% and a net margin of 3,526.32%. As a group, equities research analysts expect that IP Group Plc will post 19.6245031 EPS for the current fiscal 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.