IP Group (LON:IPO) Sets New 1-Year High – Should You Buy?

IP Group Plc (LON:IPO)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 72 and last traded at GBX 69.60, with a volume of 3038795 shares traded. The stock had previously closed at GBX 69.10.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on IP Group from GBX 103 to GBX 110 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 105.

IP Group Trading Up 1.5%

The business has a 50 day simple moving average of GBX 61.12 and a two-hundred day simple moving average of GBX 58.88. The company has a current ratio of 0.16, a quick ratio of 8.59 and a debt-to-equity ratio of 12.28. The stock has a market cap of £604.26 million, a price-to-earnings ratio of 9.63 and a beta of 1.26.

IP Group (LON:IPO) last issued its quarterly earnings data on Tuesday, March 17th. The company reported GBX 7.24 earnings per share for the quarter. IP Group had a return on equity of 7.16% and a net margin of 3,526.32%. As a group, equities analysts anticipate that IP Group Plc will post 19.6245031 EPS for the current 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.