Berenberg Bank Reiterates “Buy” Rating for IP Group (LON:IPO)

IP Group (LON:IPOGet Rating)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued on Wednesday, Marketbeat reports. They presently have a GBX 147 ($1.80) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 66.86% from the company’s current price.

IP Group Price Performance

LON:IPO opened at GBX 88.10 ($1.08) on Wednesday. IP Group has a 52 week low of GBX 66.05 ($0.81) and a 52 week high of GBX 156.20 ($1.91). The company has a quick ratio of 9.92, a current ratio of 9.97 and a debt-to-equity ratio of 4.13. The business’s 50-day simple moving average is GBX 76.73 and its two-hundred day simple moving average is GBX 85.54. The stock has a market cap of ¬£911.33 million and a PE ratio of 209.76.

IP Group Company Profile

(Get Rating)

IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, growth capital, and mature financing. The firm also provides seed capital financing to spin out companies from the universities. It seeks to invest in the life sciences, physical sciences, energy & renewables, medical equipment and supplies, healthcare, technology, cleantech, intellectual property, pharmaceuticals & biotechnology, information technology & communications, and chemicals & materials.

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