Berenberg Bank Reaffirms Buy Rating for IP Group (LON:IPO)

IP Group (LON:IPO)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat.com reports. They presently have a GBX 100 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 72.71% from the company’s current price.

IP Group Stock Down 1.5%

IPO opened at GBX 57.90 on Thursday. The company has a market cap of £511.50 million, a P/E ratio of -4.05 and a beta of 1.36. IP Group has a 12 month low of GBX 34.35 and a 12 month high of GBX 66.16. The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99. The business’s 50-day moving average price is GBX 59.26 and its 200-day moving average price is GBX 57.91.

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. Our specialist investment team combines sector expertise with an international approach.