IP Group (LON:IPO) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

IP Group Plc (LON:IPO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 59.27 and traded as high as GBX 66.30. IP Group shares last traded at GBX 64.40, with a volume of 1,262,785 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 105.

IP Group Price Performance

The company has a quick ratio of 8.59, a current ratio of 0.16 and a debt-to-equity ratio of 12.28. The stock has a market cap of £568.93 million, a P/E ratio of 9.07 and a beta of 1.29. The firm’s fifty day moving average price is GBX 64.73 and its 200-day moving average price is GBX 59.27.

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.