IP Group (LON:IPO) Hits New 12-Month High – Time to Buy?

IP Group Plc (LON:IPO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 67.90 and last traded at GBX 66.80, with a volume of 2673346 shares trading hands. The stock had previously closed at GBX 67.10.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of IP Group from GBX 103 to GBX 110 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 105.

IP Group Stock Up 1.0%

The firm has a market capitalization of £603.38 million, a price-to-earnings ratio of 9.62 and a beta of 1.26. The business’s 50-day moving average is GBX 59.75 and its two-hundred day moving average is GBX 58.64. The company has a debt-to-equity ratio of 12.28, a quick ratio of 8.59 and a current ratio of 0.16.

IP Group (LON:IPO) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 7.24 earnings per share for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. On average, equities analysts anticipate that IP Group Plc will post 19.6245031 earnings per share for the current year.

IP Group Company Profile

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.