IP Group (LON:IPO) Shares Pass Above Two Hundred Day Moving Average of $50.96

IP Group Plc (LON:IPOGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 50.96 ($0.65) and traded as high as GBX 53.90 ($0.69). IP Group shares last traded at GBX 52.70 ($0.68), with a volume of 970,213 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank cut their price objective on IP Group from GBX 133 ($1.70) to GBX 126 ($1.61) and set a “buy” rating on the stock in a research report on Wednesday, March 13th.

Get Our Latest Stock Analysis on IP Group

IP Group Stock Down 2.4 %

The stock has a fifty day simple moving average of GBX 49.25 and a two-hundred day simple moving average of GBX 50.96. The firm has a market cap of £542.81 million, a PE ratio of -310.00 and a beta of 1.37. The company has a current ratio of 10.11, a quick ratio of 8.59 and a debt-to-equity ratio of 13.14.

About IP Group

(Get Free Report)

IP Group Plc is a private equity and venture capital firm specializing in seed/startup, early venture, emerging growth, mature, mid venture, late venture, incubation, mezzanine in growth capital companies. It prefers to invest in energy, materials, healthcare, information technology, communication services, utilities, life sciences, deeptech, cleantech, chemicals, science and innovation companies.

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