IP Group (LON:IPO) Reaches New 12-Month Low at $72.80
IP Group Plc (LON:IPO) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 72.80 ($0.95) and last traded at GBX 73.85 ($0.96), with a volume of 33856 shares trading hands. The stock had previously closed at GBX 74 ($0.97).
Several research analysts recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating on shares of IP Group in a research report on Thursday, April 25th. Numis Securities began coverage on IP Group in a research note on Thursday, May 30th. They issued a “buy” rating and a GBX 162 ($2.12) target price on the stock.
The stock has a market cap of $794.36 million and a price-to-earnings ratio of -2.70. The company has a quick ratio of 7.05, a current ratio of 7.07 and a debt-to-equity ratio of 9.92.
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IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, and mature financing. The firm also provides seed capital financing to spin out companies from the universities. It seeks to invest in the life sciences, physical sciences, energy & renewables, medical equipment and supplies, healthcare, technology, cleantech, intellectual property, pharmaceuticals & biotechnology, information technology & communications, and chemicals & materials.
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