IP Group’s (IPO) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of IP Group (LON:IPO) in a report released on Tuesday,Digital Look reports. They currently have a GBX 119 price objective on the stock.

IP Group Price Performance

Shares of IPO opened at GBX 70 on Tuesday. The company has a quick ratio of 8.59, a current ratio of 36.57 and a debt-to-equity ratio of 11.90. The stock has a market cap of £618.40 million, a PE ratio of 9.86 and a beta of 1.27. IP Group has a 12-month low of GBX 48 and a 12-month high of GBX 75. The business has a 50-day simple moving average of GBX 67.95 and a two-hundred day simple moving average of GBX 63.17.

IP Group (LON:IPO) last announced its quarterly earnings results on Tuesday, September 15th. The company reported GBX 3.53 EPS for the quarter. IP Group had a return on equity of 14.25% and a net margin of 321.64%. Analysts anticipate that IP Group will post 19.6245031 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other IP Group news, insider Greg Smith bought 45,000 shares of IP Group stock in a transaction on Wednesday, August 5th. The shares were purchased at an average cost of GBX 68 per share, with a total value of £30,600. Also, insider David Baynes purchased 26,368 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of GBX 68 per share, with a total value of £17,930.24. Insiders have acquired 271,368 shares of company stock valued at $18,053,024 in the last ninety days. 1.57% of the stock is currently owned by insiders.

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.