IP Group Plc Receives New Coverage from Analysts at Beaufort Securities (IPO)
Stock analysts at Beaufort Securities assumed coverage on shares of IP Group Plc (LON:IPO) in a report issued on Thursday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock.
Shares of IP Group Plc (LON:IPO) opened at 138.65 on Thursday. IP Group Plc has a 52-week low of GBX 102.82 and a 52-week high of GBX 158.60. The stock has a 50-day moving average of GBX 137.7 and a 200-day moving average of GBX 142.9. The company’s market cap is £520.3 million.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of IP Group Plc in a research note to investors on Thursday. They now have a GBX 124 ($1.99) price target on the stock.
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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