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

IP Group Plc (LON:IPO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 59.54 and traded as high as GBX 69. IP Group shares last traded at GBX 66.40, with a volume of 485,402 shares traded.

Wall Street Analysts Forecast Growth

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

IP Group Price Performance

The business’s 50 day moving average price is GBX 65.23 and its 200-day moving average price is GBX 59.54. 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 market cap of £586.60 million, a PE ratio of 9.35 and a beta of 1.29.

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.