IP Group Plc (LON:IPO) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $61.68 and traded as high as $70.90. IP Group shares last traded at $66.50, with a volume of 820,368 shares trading hands.
IPO has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of IP Group from GBX 80 ($0.98) to GBX 95 ($1.17) and gave the company a “buy” rating in a report on Friday, July 24th. Berenberg Bank raised their price objective on shares of IP Group from GBX 95 ($1.17) to GBX 100 ($1.23) and gave the stock a “buy” rating in a report on Monday, June 1st.
The company has a market capitalization of $706.46 million and a price-to-earnings ratio of -9.37. The company has a debt-to-equity ratio of 9.69, a quick ratio of 5.43 and a current ratio of 5.49. The company’s fifty day simple moving average is GBX 64.39 and its two-hundred day simple moving average is GBX 61.68.
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.
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