IG Design Group (LON:IGR) Shares Up 7.5% – Time to Buy?

IG Design Group plc (LON:IGR)’s share price was up 7.5% during trading on Wednesday . The company traded as high as GBX 67 ($0.83) and last traded at GBX 63.23 ($0.78). Approximately 459,483 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 1,023,895 shares. The stock had previously closed at GBX 58.80 ($0.73).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on IG Design Group from GBX 325 ($4.01) to GBX 270 ($3.33) and set a “buy” rating on the stock in a research note on Thursday, September 26th.

IG Design Group Price Performance

The business’s 50-day moving average price is GBX 127.97 and its 200 day moving average price is GBX 156.18. The company has a market capitalization of £58.86 million, a P/E ratio of 220.64 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

IG Design Group Company Profile

IG Design Group plc, the largest consumer gift packaging business in the world, is a designer, innovator and manufacturer of products that help people celebrate life’s special occasions. Design Group works with more than 11,000 customers in over 80 countries throughout the UK, Europe, Australia and the USA.

Its products are found in over 210,000 retail outlets, including several of the world’s biggest retailers, for example Walmart, Target, Amazon, Costco, Lidl and Aldi.