The Canaccord Genuity Reaffirms “Buy” Rating for IP Group Plc (IPO)

The Canaccord Genuity Reaffirms “Buy” Rating for IP Group Plc (IPO)

IP Group Plc (LON:IPO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday, StockTargetPrices.com reports.

Several other analysts also recently commented on the stock. Numis Securities Ltd reissued a “buy” rating and set a GBX 279 ($3.37) price objective on shares of IP Group Plc in a research report on Wednesday, December 21st. Beaufort Securities reissued a “buy” rating on shares of IP Group Plc in a research report on Monday, December 19th.

IP Group Plc (LON:IPO) traded up 3.44% during trading on Thursday, hitting GBX 189.40. 240,108 shares of the stock traded hands. The firm has a 50-day moving average price of GBX 167.28 and a 200 day moving average price of GBX 164.61. IP Group Plc has a 52-week low of GBX 117.70 and a 52-week high of GBX 209.30. The company’s market cap is GBX 1.07 billion.

About IP Group Plc

IP Group plc (IP Group) is a United Kingdom-based intellectual property commercialization company. The Company develops intellectual property-based businesses. The Company operates through three business segments: University partnership business, Venture capital fund management and In-licensing activity.

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