IP Group (LON:IPO) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

IP Group Plc (LON:IPO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 56.74 and traded as high as GBX 58.90. IP Group shares last traded at GBX 57.70, with a volume of 443,005 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 100 price target on shares of IP Group in a research note on Monday, October 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 100.

IP Group Stock Down 2.0%

The company has a market capitalization of £509.74 million, a PE ratio of -4.04 and a beta of 1.36. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The firm has a 50 day simple moving average of GBX 59.85 and a two-hundred day simple moving average of GBX 56.74.

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.