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IP Group Plc (LON:IPO)‘s stock had its “buy” rating restated by stock analysts at Numis Securities Ltd in a report issued on Monday. They currently have a GBX 273 ($4.59) price target on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 47.65% from the company’s current price.

Shares of IP Group Plc (LON:IPO) opened at 178.997 on Monday. IP Group Plc has a 52-week low of GBX 124.198 and a 52-week high of GBX 241.50. The stock has a 50-day moving average of GBX 178.7 and a 200-day moving average of GBX 185.1. The company’s market cap is £671.7 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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