Shares of IP Group Plc (LON:IPO) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 81.80 ($1.07) and last traded at GBX 81.80 ($1.07), with a volume of 6112 shares changing hands. The stock had previously closed at GBX 81.20 ($1.06).
IPO has been the topic of several research analyst reports. Numis Securities initiated coverage on shares of IP Group in a research report on Thursday. They issued a “buy” rating and a GBX 162 ($2.12) target price on the stock. Berenberg Bank reiterated a “buy” rating on shares of IP Group in a research report on Thursday, April 25th.
The stock has a market cap of $864.26 million and a PE ratio of -2.94. The company has a current ratio of 7.07, a quick ratio of 7.05 and a debt-to-equity ratio of 9.92.
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.
Further Reading: Percentage Gainers
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