IP Group (LON:IPO) Sets New 52-Week High – Should You Buy?

Shares of IP Group Plc (LON:IPO) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 77.70 and last traded at GBX 76.96, with a volume of 99,482 shares. The stock had previously closed at GBX 76.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 119 price objective on shares of IP Group in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft raised their price target on IP Group from GBX 110 to GBX 120 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 119.50.

IP Group Stock Down 1.3%

The firm’s 50-day moving average price is GBX 71.23 and its 200 day moving average price is GBX 64.13. The company has a market capitalization of £653.74 million, a price-to-earnings ratio of 4.90 and a beta of 1.27. The company has a current ratio of 36.57, a quick ratio of 8.59 and a debt-to-equity ratio of 11.90.

IP Group (LON:IPO) last issued its earnings results on Tuesday, September 15th. The company reported GBX 3.53 earnings per share for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. On average, sell-side analysts forecast that IP Group Plc will post 19.62 EPS for the current fiscal 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.