IP Group (LON:IPO) Share Price Passes Above 200 Day Moving Average of $63.22

Share on StockTwits

IP Group Plc (LON:IPO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.22 and traded as high as $79.30. IP Group shares last traded at $78.00, with a volume of 654,064 shares.

A number of equities research analysts have recently issued reports on IPO shares. Berenberg Bank upped their price objective on IP Group from GBX 100 ($1.31) to GBX 105 ($1.37) and gave the stock a “buy” rating in a research note on Friday, August 7th. Jefferies Financial Group increased their price target on IP Group from GBX 80 ($1.05) to GBX 95 ($1.24) and gave the company a “buy” rating in a research note on Friday, July 24th.

The stock has a market capitalization of $836.07 million and a P/E ratio of -49.19. The company has a 50 day simple moving average of GBX 74.71 and a 200-day simple moving average of GBX 63.31. The company has a debt-to-equity ratio of 9.37, a current ratio of 9.61 and a quick ratio of 9.61.

IP Group (LON:IPO) last issued its earnings results on Wednesday, August 5th. The company reported GBX 1.08 ($0.01) earnings per share (EPS) for the quarter. As a group, equities analysts forecast that IP Group Plc will post 1525.8686976 earnings per share for the current fiscal year.

About IP Group (LON:IPO)

IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, and mature financing. The firm also provides seed capital financing to spin out companies from the universities. It seeks to invest in the life sciences, physical sciences, energy & renewables, medical equipment and supplies, healthcare, technology, cleantech, intellectual property, pharmaceuticals & biotechnology, information technology & communications, and chemicals & materials.

Further Reading: How Do Mutual Funds Work?

Receive News & Ratings for IP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IP Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply