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IP Group Plc (LON:IPO)‘s stock had its “buy” rating reaffirmed by Numis Securities Ltd in a research note issued on Wednesday. They currently have a GBX 273 ($4.58) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 44.87% from the company’s current price.

IP Group Plc (LON:IPO) opened at 186.50 on Wednesday. IP Group Plc has a 1-year low of GBX 124.198 and a 1-year high of GBX 241.50. The stock’s 50-day moving average is GBX 192.5 and its 200-day moving average is GBX 191.9. The company’s market cap is £699.9 million.

Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of IP Group Plc in a research note on Wednesday, August 6th.

IP Group plc is a United Kingdom-based holding company. The Company operates in three segments: the commercialization of intellectual property through the formation of long-term partnerships with universities; 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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