Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for IP Group (LON:IPO) Stock

IP Group (LON:IPO) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 103 to GBX 110 in a report issued on Wednesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 111.13% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 100 price objective on shares of IP Group in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, IP Group has a consensus rating of “Buy” and an average target price of GBX 105.

IP Group Trading Down 2.3%

IP Group stock opened at GBX 52.10 on Wednesday. The stock has a 50-day moving average price of GBX 56.14 and a 200 day moving average price of GBX 57.42. IP Group has a 52 week low of GBX 34.35 and a 52 week high of GBX 66.16. The stock has a market cap of £460.27 million, a PE ratio of -3.65 and a beta of 1.29. The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28.

IP Group (LON:IPO) last released its earnings results on Tuesday, March 17th. The company reported GBX 7.24 earnings per share (EPS) for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. Equities research analysts predict that IP Group will post 19.6245031 earnings per share for the current fiscal year.

IP Group Company Profile

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.