IP Group Plc (IPO) Given Average Rating of “Buy” by Brokerages

IP Group Plc (LON:IPO) has earned a consensus rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 220.67 ($2.95).

Separately, Acumen Capital restated a “buy” rating on shares of IP Group in a research report on Tuesday, September 26th.

Shares of IP Group (LON:IPO) opened at GBX 139.80 ($1.87) on Thursday. IP Group has a 12-month low of GBX 109.10 ($1.46) and a 12-month high of GBX 200.80 ($2.68). The firm has a market cap of $1,490.00 and a PE ratio of 2,330.00.

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IP Group Company Profile

IP Group plc (IP Group) is a United Kingdom-based intellectual property commercialization company. The Company develops intellectual property-based businesses. The Company operates through three business segments: University partnership business, Venture capital fund management and In-licensing activity.

Analyst Recommendations for IP Group (LON:IPO)

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