IP Group Plc Receives “Hold” Rating from Numis Securities Ltd (IPO)
IP Group Plc (LON:IPO)‘s stock had its “hold” rating reiterated by stock analysts at Numis Securities Ltd in a report issued on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 124 ($1.99) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 9.75% from the stock’s previous close.
IP Group Plc (LON:IPO) opened at 138.73 on Thursday. IP Group Plc has a one year low of GBX 102.82 and a one year high of GBX 158.60. The stock’s 50-day moving average is GBX 137.7 and its 200-day moving average is GBX 142.9. The company’s market cap is £520.6 million.
IP Group plc is a United Kingdom-based holding company. The Company operates in three segments: the commercialisation and exploitation of intellectual property through the formation of long-term partnerships with universities; the management of venture funds focusing on early-stage United Kingdom technology companies, and the in-licensing of drugable intellectual property from research intensive institutions.
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