Berenberg Bank Reaffirms “Buy” Rating for IP Group (LON:IPO)

IP Group (LON:IPO)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 126 ($1.63) price target on the stock. Berenberg Bank’s price target points to a potential upside of 197.87% from the company’s current price.

IP Group Stock Down 4.4 %

Shares of IPO traded down GBX 1.95 ($0.03) during mid-day trading on Tuesday, hitting GBX 42.30 ($0.55). 63,720,586 shares of the company traded hands, compared to its average volume of 8,531,687. The company has a market capitalization of £403.69 million, a PE ratio of -1.90 and a beta of 1.36. The company has a quick ratio of 8.59, a current ratio of 9.28 and a debt-to-equity ratio of 13.99. The business has a 50 day moving average of GBX 46.73 and a 200 day moving average of GBX 47.47. IP Group has a 1-year low of GBX 35.65 ($0.46) and a 1-year high of GBX 56.20 ($0.73).

IP Group (LON:IPO) last issued 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 anticipate that IP Group will post 19.6245031 EPS for the current 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.