IP Group (LON:IPO) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of IP Group (LON:IPO) in a research note published on Thursday,Digital Look reports. They currently have a GBX 100 price target on the stock.

IP Group Stock Performance

IPO stock opened at GBX 58 on Thursday. IP Group has a twelve month low of GBX 34.35 and a twelve month high of GBX 66.16. The firm has a market cap of £512.39 million, a price-to-earnings ratio of -4.06 and a beta of 1.36. The business’s fifty day simple moving average is GBX 59.34 and its two-hundred day simple moving average is GBX 57.89. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99.

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.