IP Group’s (IPO) “Buy” Rating Reiterated at Berenberg Bank

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Berenberg Bank restated their buy rating on shares of IP Group (LON:IPO) in a report published on Friday morning. The firm currently has a GBX 160 ($2.09) price objective on the stock.

Shares of IP Group stock traded up GBX 1 ($0.01) during trading on Friday, hitting GBX 103.80 ($1.36). 237,433 shares of the stock were exchanged, compared to its average volume of 831,682. IP Group has a 12 month low of GBX 102.40 ($1.34) and a 12 month high of GBX 168.40 ($2.20).

About IP Group

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.

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