IG Design Group (LON:IGR) Shares Up 9% – Should You Buy?

IG Design Group plc (LON:IGR)’s stock price was up 9% on Tuesday . The stock traded as high as GBX 149.90 ($1.88) and last traded at GBX 149.90 ($1.88). Approximately 162,096 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 197,591 shares. The stock had previously closed at GBX 137.50 ($1.72).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group dropped their price target on shares of IG Design Group from GBX 325 ($4.07) to GBX 270 ($3.38) and set a “buy” rating on the stock in a research report on Thursday, September 26th.

IG Design Group Price Performance

The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The firm has a market capitalization of £142.92 million, a price-to-earnings ratio of 535.71 and a beta of 1.08. The company’s 50 day moving average is GBX 131.97 and its 200-day moving average is GBX 165.68.

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.