Share on StockTwits

IP Group Plc (LON:IPO)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a report released on Thursday, ARN reports. They currently have a GBX 273 ($4.60) price target on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 58.72% from the company’s current price.

Shares of IP Group Plc (LON:IPO) traded down 3.48% on Thursday, hitting GBX 172.00. 308,732 shares of the company’s stock traded hands. IP Group Plc has a 1-year low of GBX 124.198 and a 1-year high of GBX 241.50. The stock has a 50-day moving average of GBX 192.1 and a 200-day moving average of GBX 182.8. The company’s market cap is £645.4 million.

Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of IP Group Plc in a research note on Wednesday, March 5th.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.