IP Group (LON:IPO) Earns Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of IP Group (LON:IPO) in a report issued on Tuesday, Marketbeat reports. They currently have a GBX 126 ($1.63) price objective on the stock.

IP Group Trading Down 4.4 %

Shares of IP Group stock opened at GBX 42.30 ($0.55) on Tuesday. The firm’s 50 day moving average is GBX 46.56 and its 200 day moving average is GBX 47.45. The firm has a market capitalization of £403.69 million, a PE ratio of -1.90 and a beta of 1.36. IP Group has a 1 year low of GBX 35.65 ($0.46) and a 1 year high of GBX 56.20 ($0.73). The company has a current ratio of 9.28, a quick ratio of 8.59 and a debt-to-equity ratio of 13.99.

IP Group (LON:IPO) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX (19.97) (($0.26)) earnings per share (EPS) 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 fiscal year.

About IP Group

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.