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

Berenberg Bank reissued their buy rating on shares of IP Group (LON:IPO) in a report published on Tuesday, Marketbeat reports. Berenberg Bank currently has a GBX 126 ($1.63) price target on the stock.

IP Group Trading Up 0.2 %

Shares of LON:IPO opened at GBX 42.70 ($0.55) on Tuesday. The company has a debt-to-equity ratio of 13.99, a current ratio of 9.28 and a quick ratio of 8.59. 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 market cap of £407.50 million, a P/E ratio of -1.92 and a beta of 1.36. The stock’s fifty day moving average price is GBX 46.14 and its 200-day moving average price is GBX 47.43.

IP Group (LON:IPO) last issued its 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 negative return on equity of 19.85% and a net margin of 106.78%. Sell-side analysts expect 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.