IG Design Group (LON:IGR) Stock Price Up 7.5% – What’s Next?

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

Analyst Upgrades and Downgrades

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

IG Design Group Stock Down 1.2 %

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 debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The stock has a 50 day moving average price of GBX 127.97 and a 200 day moving average price of GBX 156.18.

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.