IP Group Plc (LON:IPO) had its price target cut by Stifel Nicolaus from GBX 211 ($2.64) to GBX 208 ($2.60) in a report released on Tuesday. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Numis Securities Ltd reiterated a buy rating and issued a GBX 279 ($3.49) price objective on shares of IP Group Plc in a research report on Monday, February 6th. Canaccord Genuity reiterated a buy rating on shares of IP Group Plc in a research report on Thursday, January 19th. Finally, Beaufort Securities reiterated a buy rating on shares of IP Group Plc in a research report on Monday, December 19th.

IP Group Plc (LON:IPO) opened at 169.00 on Tuesday. The stock has a 50 day moving average price of GBX 183.68 and a 200-day moving average price of GBX 169.09. IP Group Plc has a 52 week low of GBX 117.70 and a 52 week high of GBX 209.30. The firm’s market capitalization is GBX 955.20 million.

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About IP Group Plc

IP Group plc (IP Group) is a United Kingdom-based intellectual property commercialization company. The Company develops intellectual property-based businesses. The Company operates through three business segments: University partnership business, Venture capital fund management and In-licensing activity.

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