IP Group (LON:IPO) Given "Buy" Rating at Berenberg Bank

IP Group (LON:IPO - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 126 ($1.63) price objective on the stock. Berenberg Bank's price target indicates a potential upside of 194.05% from the stock's previous close.

IP Group Trading Up 0.2 %

Shares of IPO traded up GBX 0.10 ($0.00) on Tuesday, reaching GBX 42.85 ($0.55). 2,506,723 shares of the company's stock were exchanged, compared to its average volume of 7,365,690. The business has a 50 day moving average price of GBX 45.96 and a two-hundred day moving average price of GBX 47.40. IP Group has a 12 month low of GBX 35.65 ($0.46) and a 12 month high of GBX 56.20 ($0.73). The stock has a market capitalization of £408.93 million, a P/E ratio of -1.93 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.

IP Group (LON:IPO - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported GBX (19.97) (($0.26)) EPS for the quarter. IP Group had a negative return on equity of 19.85% and a net margin of 106.78%. Research analysts anticipate that IP Group 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.