Numis Securities Ltd Reaffirms Hold Rating on IP Group Plc (IPO)
IP Group Plc (LON: IPO)‘s stock had its “hold” rating reiterated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Thursday. They currently have a $2.02 (126 GBX) price target on the stock.
IP Group Plc opened at 121.00 on Thursday. IP Group Plc has a 1-year low of GBX 67.00 and a 1-year high of GBX 160.00. The company’s market cap is £442.6 million.
IP Group plc is a United Kingdom-based holding company. The Company operates in three segments: the commercialisation and exploitation of intellectual property through the formation of long-term partnerships with universities; the management of venture funds focusing on early-stage United Kingdom technology companies, and the in-licensing of drugable intellectual property from research intensive institutions.
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