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

IP Group Plc (LON:IPO)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 58.25 and traded as high as GBX 58.40. IP Group shares last traded at GBX 58, with a volume of 16,255,348 shares traded.

Analysts Set New Price Targets

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

IP Group Stock Up 0.3%

The stock has a 50 day moving average price of GBX 58.33 and a 200 day moving average price of GBX 58.25. The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28. The company has a market capitalization of £512.34 million, a P/E ratio of -4.06 and a beta of 1.36.

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.