IP Group (LON:IPO) Price Target Raised to GBX 120

IP Group (LON:IPO) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 110 to GBX 120 in a research report report published on Friday morning,London Stock Exchange reports. The firm currently has a buy rating on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 119 price target on shares of IP Group in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, IP Group has a consensus rating of “Buy” and an average target price of GBX 119.50.

IP Group Price Performance

Shares of IPO opened at GBX 72.90 on Friday. IP Group has a twelve month low of GBX 48 and a twelve month high of GBX 76.90. The company has a market capitalization of £644.02 million, a P/E ratio of 10.27 and a beta of 1.27. The firm has a 50 day moving average of GBX 69.64 and a 200 day moving average of GBX 64.91. The company has a quick ratio of 8.59, a current ratio of 36.57 and a debt-to-equity ratio of 11.90.

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

Insider Transactions at IP Group

In related news, insider Greg Smith acquired 45,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average price of GBX 68 per share, for a total transaction of £30,600. Also, insider Michael Queen bought 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average price of GBX 66 per share, for a total transaction of £132,000. Insiders purchased 271,368 shares of company stock worth $18,053,024 over the last three months. 1.57% of the stock is currently owned by company 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.