Deutsche Bank Aktiengesellschaft Issues Positive Forecast for IP Group (LON:IPO) Stock Price

IP Group (LON:IPO) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 103 to GBX 110 in a research note issued to investors on Wednesday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 100 price target on shares of IP Group in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 105.

IP Group Stock Performance

Shares of LON:IPO opened at GBX 53 on Wednesday. The business has a 50-day moving average of GBX 56.24 and a two-hundred day moving average of GBX 57.45. The firm has a market capitalization of £468.22 million, a PE ratio of -3.71 and a beta of 1.29. IP Group has a 12 month low of GBX 34.35 and a 12 month high of GBX 66.16. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.16 and a quick ratio of 8.59.

IP Group (LON:IPO) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 7.24 earnings per share (EPS) for the quarter. IP Group had a net margin of 3,526.32% and a return on equity of 7.16%. As a group, research analysts forecast 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. Our specialist investment team combines sector expertise with an international approach.