Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for IP Group (LON:IPO)

IP Group (LON:IPO)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 110 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 62.00% from the company’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 119 target price on shares of IP Group in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IP Group currently has an average rating of “Buy” and a consensus price target of GBX 114.50.

IP Group Stock Up 0.9%

LON IPO traded up GBX 0.60 during trading hours on Wednesday, hitting GBX 67.90. The company had a trading volume of 539,602 shares, compared to its average volume of 6,966,913. The firm’s 50 day moving average is GBX 67.74 and its 200 day moving average is GBX 63.01. The company has a debt-to-equity ratio of 12.28, a current ratio of 0.16 and a quick ratio of 8.59. IP Group has a fifty-two week low of GBX 48 and a fifty-two week high of GBX 75. The company has a market capitalization of £599.85 million, a price-to-earnings ratio of 9.56 and a beta of 1.27.

IP Group (LON:IPO) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 3.53 EPS for the quarter. IP Group had a return on equity of 7.14% and a net margin of 148.78%. Sell-side analysts anticipate that IP Group will post 19.6245031 earnings per share for the current fiscal year.

Insider Buying and Selling at IP Group

In other IP Group news, insider David Baynes bought 26,368 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were acquired at an average cost of GBX 68 per share, with a total value of £17,930.24. Also, insider Greg Smith purchased 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired at an average price of GBX 68 per share, for a total transaction of £30,600. Insiders bought a total of 271,368 shares of company stock valued at $18,053,024 in the last ninety days. Insiders own 1.57% of the company’s stock.

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. Our specialist investment team combines sector expertise with an international approach.