IP Group (LON:IPO) Given New GBX 126 Price Target at Berenberg Bank

IP Group (LON:IPOGet 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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IP Group Plc is a private equity and venture capital firm specializing in seed/startup, early venture, emerging growth, mature, mid venture, late venture, incubation, mezzanine in growth capital companies. It prefers to invest in energy, materials, healthcare, information technology, communication services, utilities, life sciences, deeptech, cleantech, chemicals, science and innovation companies.

Further Reading

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