IP Group Plc’s Buy Rating Reiterated at Numis Securities Ltd (IPO)
IP Group Plc (LON:IPO)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They currently have a GBX 273 ($4.52) target price on the stock. Numis Securities Ltd’s target price indicates a potential upside of 27.75% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of IP Group Plc in a research note on Wednesday, August 6th.
Shares of IP Group Plc (LON:IPO) opened at 215.90 on Thursday. IP Group Plc has a one year low of GBX 124.198 and a one year high of GBX 241.50. The stock’s 50-day moving average is GBX 194.7 and its 200-day moving average is GBX 194.2. The company’s market cap is £810.2 million.
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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