IP Group’s (IPO) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of IP Group (LON:IPO) in a report issued on Thursday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 100 price target on the stock.

IP Group Stock Performance

Shares of LON IPO opened at GBX 57.90 on Thursday. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The company has a 50 day simple moving average of GBX 59.26 and a two-hundred day simple moving average of GBX 57.93. IP Group has a 12 month low of GBX 34.35 and a 12 month high of GBX 66.16. The stock has a market cap of £511.50 million, a price-to-earnings ratio of -4.05 and a beta of 1.36.

About IP Group

IP Group accelerates the impact of science for a better future. As the most active UK based, early-stage science investor, we develop and support some of the world’s most exciting businesses in deeptech, life sciences and cleantech (led by Kiko Ventures). Through Parkwalk, the UK’s largest growth EIS fund manager, we also back world-changing innovation emerging in leading universities and research institutions. Our specialist investment team combines sector expertise with an international approach.