Touchstone Innovations (LON:IVO) had its stock rating reiterated as ‘Buy’ in a report released by analysts at Stifel Nicolaus.
Stifel Nicolaus today set a target price of 480 on the company’s stock. According to the analyst this now indicates there is a potential increase of 35.74% from Touchstone Innovations’s current price of 353.63.
Over the last twelve months Touchstone Innovations’s stock price has increased by 0% from 0.00 to 353.63.
There are currently 160,233,000 shares in issue with a current share value of 353.63 giving Touchstone Innovations a market capitalisation of 566.62M GBp .
Touchstone Innovations (LON:IVO) has a 50 day moving average of 310.07 and a 200 day moving average of 357.13. The 52 week high for the share price is 484.75 while the 52 week low for the stock is 275.25.
Touchstone Innovations plc, formerly Imperial Innovations Group plc, is a technology commercialization company. The Company creates, builds and invests in technology companies and licensing opportunities developed from scientific research focusing on the Golden Triangle. The Company has operations in London, Cambridge and Oxford. The Company supports scientists and entrepreneurs in the commercialization of their ideas and intellectual property by the formation of new companies, providing facilities in the early stages, providing investment and co-investment to manage development, providing operational knowhow and recruiting management teams. It also runs a technology incubator in London. The Company invests in a range of sectors, which include therapeutics, medtech and medical devices, engineering and materials, and information and communications technology. It has access to intellectual property developed at Imperial College London and networks around London, Cambridge and Oxford.