IP Group (LON:IPO – Get Free Report) had its target price lowered by equities research analysts at Berenberg Bank from GBX 133 ($1.70) to GBX 126 ($1.61) in a research report issued on Wednesday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 162.50% from the company’s current price.
IP Group Stock Performance
Shares of IPO stock opened at GBX 48 ($0.61) on Wednesday. The business’s fifty day simple moving average is GBX 51.80 and its 200-day simple moving average is GBX 52.27. The company has a market cap of £494.40 million, a PE ratio of -600.00 and a beta of 1.40. The company has a current ratio of 14.77, a quick ratio of 8.59 and a debt-to-equity ratio of 12.04. IP Group has a 12-month low of GBX 40 ($0.51) and a 12-month high of GBX 66.60 ($0.85).
About IP Group
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