IP Group (LON:IPO) Share Price Passes Above 200-Day Moving Average – Time to Sell?

IP Group Plc (LON:IPO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.27 and traded as high as GBX 66.30. IP Group shares last traded at GBX 64.40, with a volume of 1,262,785 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on IP Group from GBX 103 to GBX 110 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, IP Group has a consensus rating of “Buy” and a consensus target price of GBX 105.

IP Group Stock Performance

The company has a debt-to-equity ratio of 12.28, a quick ratio of 8.59 and a current ratio of 0.16. The stock has a market cap of £567.16 million, a PE ratio of 9.04 and a beta of 1.29. The firm has a fifty day moving average price of GBX 64.85 and a 200 day moving average price of GBX 59.31.

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.