IP Group (LON:IPO) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of IP Group Plc (LON:IPO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 58.02 and traded as high as GBX 60.23. IP Group shares last traded at GBX 59.20, with a volume of 9,419,559 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 100 price target on shares of IP Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 100.

IP Group Stock Performance

The stock’s 50-day moving average price is GBX 59.13 and its 200-day moving average price is GBX 58.02. The company has a market cap of £522.99 million, a P/E ratio of -4.15 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 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.