IP Group Plc 32.4% potential upside indicated by Berenberg Bank

Broker Ratings

IP Group Plc with ticker (LON:IPO) now has a potential upside of 32.4% according to Berenberg Bank.

Berenberg Bank set a target price of 170 GBX for the company, which when compared to the IP Group Plc share price of 115 GBX at opening today (07/12/2021) indicates a potential upside of 32.4%. Trading has ranged between 89 (52 week low) and 156 (52 week high) with an average of 2,290,643 shares exchanging hands daily. The market capitalisation at the time of writing is £1,233,195,580.

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. The Company’s University partnership business segment is engaged in the commercialization of intellectual property through the formation of long-term partner relationships with universities. The Company’s Venture capital fund management segment is engaged in the management of venture funds focusing on the United Kingdom’s early stage technology companies. The Company’s In-licensing activity segment is engaged in the in-licensing of drugable intellectual property from research institutions. The Company’s portfolio includes holdings in approximately 90 early stage businesses across over four main sectors, which include biotech, cleantech, healthcare and technology.

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