IP Group (LON:IPO) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of IP Group (LON:IPO) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 126 ($1.63) price target on the stock.

IP Group Price Performance

IPO opened at GBX 42.30 ($0.55) on Tuesday. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. The stock has a market capitalization of £403.69 million, a P/E ratio of -1.90 and a beta of 1.36. The company’s 50 day simple moving average is GBX 46.56 and its 200-day simple moving average is GBX 47.45. IP Group has a one year low of GBX 35.65 ($0.46) and a one year high of GBX 56.20 ($0.73).

IP Group (LON:IPO) last posted its quarterly earnings results on Tuesday, March 25th. The company reported GBX (19.97) (($0.26)) earnings per share for the quarter. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%. Sell-side analysts anticipate that IP Group will post 19.6245031 earnings per share for the current fiscal year.

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.