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

IP Group (LON:IPO)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 126 ($1.62) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 194.39% from the company’s previous close.

IP Group Trading Up 2.5 %

LON:IPO opened at GBX 42.80 ($0.55) on Tuesday. IP Group has a 1 year low of GBX 35.65 ($0.46) and a 1 year high of GBX 56.20 ($0.72). The company has a debt-to-equity ratio of 13.99, a quick ratio of 8.59 and a current ratio of 9.28. The stock has a fifty day moving average price of GBX 46.34 and a two-hundred day moving average price of GBX 47.44. The stock has a market capitalization of £408.46 million, a price-to-earnings ratio of -1.92 and a beta of 1.36.

IP Group (LON:IPO) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX (19.97) (($0.26)) earnings per share (EPS) for the quarter. IP Group had a net margin of 106.78% and a negative return on equity of 19.85%. As a group, 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.