IP Group (LON:IPO) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

IP Group Plc (LON:IPO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 59.01 and traded as high as GBX 65. IP Group shares last traded at GBX 64.11, with a volume of 86,359,984 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft boosted their price target on shares of IP Group from GBX 103 to GBX 110 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 105.

IP Group Stock Performance

The firm’s fifty day moving average price is GBX 62.62 and its 200-day moving average price is GBX 59.08. 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 firm has a market cap of £574.23 million, a price-to-earnings ratio of 9.15 and a beta of 1.29.

IP Group (LON:IPO) last issued its quarterly 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 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.