IP Group (LON:IPO) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

IP Group Plc (LON:IPO) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 55.78 and traded as high as GBX 62.10. IP Group shares last traded at GBX 60.70, with a volume of 42,486,449 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 100 target price on shares of IP Group in a research report on Monday, October 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IP Group presently has a consensus rating of “Buy” and a consensus target price of GBX 100.

IP Group Trading Up 0.5%

The business has a fifty day moving average price of GBX 58.93 and a 200 day moving average price of GBX 55.78. The company has a market capitalization of £538.89 million, a price-to-earnings ratio of -4.27 and a beta of 1.36. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59.

IP Group (LON:IPO) last released its earnings results on Wednesday, September 17th. The company reported GBX (4.55) EPS for the quarter. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%. On average, equities analysts expect that IP Group Plc will post 19.6245031 EPS for the current fiscal year.

About IP Group

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.