IP Group (LON:IPO) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

IP Group Plc (LON:IPO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 59.81 and traded as high as GBX 67.40. IP Group shares last traded at GBX 63.90, with a volume of 2,034,608 shares.

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 research report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 105.

IP Group Price Performance

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 firm has a market capitalization of £564.51 million, a price-to-earnings ratio of 9.00 and a beta of 1.29. The stock has a 50 day moving average price of GBX 65.62 and a two-hundred day moving average price of GBX 59.81.

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.