IP Group (LON:IPO) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

IP Group Plc (LON:IPO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.16 and traded as high as GBX 70. IP Group shares last traded at GBX 65.40, with a volume of 1,457,282 shares.

Analyst Upgrades and Downgrades

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

IP Group Stock Performance

The stock has a market cap of £577.76 million, a P/E ratio of 9.21 and a beta of 1.29. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.16 and a quick ratio of 8.59. The business’s 50 day simple moving average is GBX 63.55 and its 200 day simple moving average is GBX 59.16.

IP Group (LON:IPO) last posted 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%. On average, analysts expect that IP Group Plc will post 19.6245031 earnings per share for the current fiscal 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.