IP Group (LON:IPO) Hits New 52-Week High – Here’s What Happened

IP Group Plc (LON:IPO) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 67.90 and last traded at GBX 66.80, with a volume of 2673346 shares trading hands. The stock had previously closed at GBX 67.10.

Analyst Ratings Changes

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

IP Group Stock Performance

The company’s 50-day simple moving average is GBX 58.75 and its 200 day simple moving average is GBX 58.48. 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 stock has a market cap of £590.13 million, a P/E ratio of 9.41 and a beta of 1.26.

IP Group (LON:IPO) last posted its earnings results on Tuesday, March 17th. The company reported GBX 7.24 EPS for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. As a group, sell-side 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.