The stock of IP Group Plc (LON:IPO) is a huge mover today! The stock decreased 2.51% or GBX 3.7 on November 28, hitting GBX 143.9. About 131,450 shares traded hands. IP Group Plc (LON:IPO) has declined 16.29% since April 29, 2016 and is downtrending. It has underperformed by 22.30% the S&P500.
The move comes after 8 months positive chart setup for the GBX 813.35 million company. It was reported on Nov, 28 by Barchart.com. We have GBX 152.53 PT which if reached, will make LON:IPO worth GBX 48.80 million more.
IP Group Plc (LON:IPO) Ratings Coverage
Out of 3 analysts covering IP Group PLC (LON:IPO), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. IP Group PLC has been the topic of 19 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, September 29 by Numis Securities. The stock of IP Group Plc (LON:IPO) has “Buy” rating given on Tuesday, November 3 by Beaufort Securities. The stock of IP Group Plc (LON:IPO) earned “Buy” rating by Stifel Nicolaus on Thursday, September 3. Numis Securities maintained IP Group Plc (LON:IPO) on Tuesday, January 12 with “Buy” rating. Beaufort Securities maintained the shares of IPO in a report on Tuesday, July 12 with “Buy” rating. As per Thursday, May 12, the company rating was maintained by Numis Securities. The firm earned “Buy” rating on Thursday, August 11 by Beaufort Securities. The rating was maintained by Numis Securities on Thursday, March 10 with “Buy”. The stock has “Buy” rating given by Beaufort Securities on Friday, May 13. The rating was maintained by Numis Securities on Friday, October 21 with “Buy”.
Another recent and important IP Group Plc (LON:IPO) news was published by Fool.Co.Uk which published an article titled: “Is IP Group Plc A Better Buy Than Blinkx Plc, 3i Group plc And Restore PLC?” on August 05, 2015.
IP Group plc is a United Kingdom intellectual property commercialization company. The company has a market cap of 813.35 million GBP. The Firm develops intellectual property businesses. It currently has negative earnings. The Firm operates through three business divisions: University partnership business, Venture capital fund management and In-licensing activity.
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