IP Group (LON:IPO) Share Price Crosses Above 200-Day Moving Average – Here’s Why

IP Group Plc (LON:IPO) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 59.01 and traded as high as GBX 65. IP Group shares last traded at GBX 64.11, with a volume of 86,359,984 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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, IP Group currently has an average rating of “Buy” and a consensus price target 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 £562.74 million, a P/E ratio of 8.97 and a beta of 1.26. The business’s 50-day simple moving average is GBX 62.10 and its two-hundred day simple moving average is GBX 59.01.

IP Group (LON:IPO) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 7.24 EPS for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. Sell-side analysts expect that IP Group Plc will post 19.6245031 EPS for the current year.

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.