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

IP Group (LON:IPO)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report released on Tuesday, Marketbeat reports. They currently have a GBX 126 ($1.62) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 194.39% from the stock’s current price.

IP Group Stock Up 2.5 %

Shares of LON IPO opened at GBX 42.80 ($0.55) on Tuesday. The stock has a market cap of £408.46 million, a PE ratio of -1.92 and a beta of 1.36. IP Group has a 52-week low of GBX 35.65 ($0.46) and a 52-week high of GBX 56.20 ($0.72). The business has a 50-day moving average price of GBX 46.34 and a 200 day moving average price of GBX 47.44. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99.

IP Group (LON:IPO) last posted its quarterly earnings data 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%. Equities research analysts forecast that IP Group will post 19.6245031 earnings per share for the current 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.