IP Group (LON:IPO) Stock Price Target Raised at Deutsche Bank Aktiengesellschaft

by · The Markets Daily

IP Group (LON:IPO – Free Report) had its price objective boosted by Deutsche Bank Aktiengesellschaft from GBX 110 to GBX 120 in a research report released on Friday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 119 price objective on shares of IP Group in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, IP Group presently has an average rating of “Buy” and a consensus price target of GBX 119.50.

Check Out Our Latest Analysis on IPO

IP Group Stock Down 1.5%

Shares of LON:IPO opened at GBX 72.90 on Friday. IP Group has a 52-week low of GBX 48 and a 52-week high of GBX 76.90. The firm has a market capitalization of £644.02 million, a P/E ratio of 10.27 and a beta of 1.27. The stock has a 50 day moving average price of GBX 69.64 and a 200-day moving average price of GBX 64.91. The company has a debt-to-equity ratio of 11.90, a quick ratio of 8.59 and a current ratio of 36.57.

IP Group (LON:IPO – Get Free Report) last released its earnings results on Tuesday, September 15th. The company reported GBX 3.53 EPS for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. As a group, equities research analysts anticipate that IP Group will post 19.6245031 EPS for the current fiscal year.

Insider Transactions at IP Group

In related news, insider Michael Queen acquired 200,000 shares of IP Group stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of GBX 66 per share, with a total value of £132,000. Also, insider David Baynes acquired 26,368 shares of the stock in a transaction on Wednesday, August 5th. The shares were bought at an average price of GBX 68 per share, with a total value of £17,930.24. Insiders have purchased a total of 271,368 shares of company stock valued at $18,053,024 in the last ninety days. 1.57% of the stock is currently owned by corporate insiders.

IP Group Company Profile

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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.

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