IP Group (LON:IPO) PT Lowered to GBX 133

Posted by on Jun 8th, 2023

IP Group (LON:IPO – Get Rating) had its target price lowered by equities research analysts at Berenberg Bank from GBX 147 ($1.83) to GBX 133 ($1.65) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 132.92% from the stock’s previous close.

IP Group Trading Up 2.0 %

Shares of LON:IPO opened at GBX 57.10 ($0.71) on Tuesday. The business’s 50-day moving average is GBX 56.29 and its 200 day moving average is GBX 59.62. IP Group has a 1 year low of GBX 51.70 ($0.64) and a 1 year high of GBX 91.25 ($1.13). The firm has a market capitalization of £593.84 million, a P/E ratio of -178.44 and a beta of 1.31. The company has a debt-to-equity ratio of 7.40, a current ratio of 12.57 and a quick ratio of 8.59.

Insider Activity

In other news, insider Greg Smith sold 66,270 shares of the company’s stock in a transaction dated Friday, April 14th. The stock was sold at an average price of GBX 59 ($0.73), for a total value of £39,099.30 ($48,606.79). Corporate insiders own 3.77% of the company’s stock.

About IP Group

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IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, growth capital, 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.

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