IP Group Plc (LON:IPO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued on Thursday, StockTargetPrices.com reports. They currently have a GBX 3 ($0.04) price target on the stock. Canaccord Genuity’s price target points to a potential downside of 98.42% from the stock’s current price.
IPO has been the subject of a number of other research reports. Numis Securities Ltd restated a “buy” rating and set a GBX 263 ($3.17) price objective on shares of IP Group Plc in a report on Friday, October 21st. Beaufort Securities restated a “buy” rating on shares of IP Group Plc in a report on Monday, December 12th.
IP Group Plc (LON:IPO) traded up 3.44% during midday trading on Thursday, hitting GBX 189.40. The stock had a trading volume of 240,108 shares. The company’s market cap is GBX 1.07 billion. IP Group Plc has a 12-month low of GBX 117.70 and a 12-month high of GBX 209.30. The company has a 50-day moving average price of GBX 167.28 and a 200-day moving average price of GBX 164.61.
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.