Draper Esprit (LON:GROW) Coverage Initiated at Berenberg Bank

Investment analysts at Berenberg Bank started coverage on shares of Draper Esprit (LON:GROW) in a research report issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a GBX 680 ($8.37) price target on the stock. Berenberg Bank’s target price points to a potential upside of 50.78% from the company’s current price.

Several other equities research analysts also recently commented on GROW. Jefferies Financial Group boosted their target price on shares of Draper Esprit from GBX 550 ($6.77) to GBX 617 ($7.59) and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Peel Hunt reissued a “buy” rating on shares of Draper Esprit in a research report on Monday.

GROW opened at GBX 451 ($5.55) on Monday. Draper Esprit has a 1-year low of GBX 255 ($3.14) and a 1-year high of GBX 619.60 ($7.62). The company has a current ratio of 9.50, a quick ratio of 9.17 and a debt-to-equity ratio of 3.10. The company has a market cap of $533.94 million and a P/E ratio of 4.02. The company has a fifty day moving average price of GBX 437.92 and a two-hundred day moving average price of GBX 448.54.

About Draper Esprit

Draper Esprit plc, formerly known as Ingleby (1994) plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.

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