IP Group (LON:IPO) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of IP Group Plc (LON:IPO) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 59.81 and traded as high as GBX 67.40. IP Group shares last traded at GBX 63.90, with a volume of 2,034,608 shares traded.

Wall Street Analysts Forecast Growth

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

IP Group Trading Up 1.1%

The stock has a fifty day moving average of GBX 65.63 and a 200-day moving average of GBX 59.85. The company has a debt-to-equity ratio of 12.28, a quick ratio of 8.59 and a current ratio of 0.16. The company has a market cap of £567.16 million, a PE ratio of 9.04 and a beta of 1.29.

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.