Brokerages Set IP Group Plc (IPO) Target Price at $220.67

Shares of IP Group Plc (LON:IPO) have been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 220.67 ($2.95).

Separately, Acumen Capital reaffirmed a “buy” rating on shares of IP Group in a report on Tuesday, September 26th.

IP Group (LON:IPO) traded down GBX 0.20 ($0.00) during midday trading on Thursday, hitting GBX 136.80 ($1.83). 222,224 shares of the stock were exchanged, compared to its average volume of 1,050,000. IP Group has a twelve month low of GBX 109.10 ($1.46) and a twelve month high of GBX 200.80 ($2.68). The firm has a market capitalization of $1,450.00 and a PE ratio of 2,280.00.

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IP Group Company Profile

IP Group plc (IP Group) is a United Kingdom-based intellectual property commercialization company. The Company develops intellectual property-based businesses. The Company operates through three business segments: University partnership business, Venture capital fund management and In-licensing activity.

Analyst Recommendations for IP Group (LON:IPO)

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