IG Design Group (IGR) Given “Buy” Rating at Canaccord Genuity

IG Design Group (LON:IGR)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a report issued on Monday, Digital Look reports. They currently have a GBX 800 ($10.45) price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 35.59% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 640 ($8.36) price target on shares of IG Design Group in a research note on Monday.

Shares of IGR stock traded down GBX 10 ($0.13) during trading hours on Monday, reaching GBX 590 ($7.71). The company had a trading volume of 98,659 shares, compared to its average volume of 60,307. The company has a debt-to-equity ratio of 58.91, a current ratio of 1.22 and a quick ratio of 0.76. The firm has a market capitalization of $460.47 million and a PE ratio of 23.98. IG Design Group has a 12-month low of GBX 362 ($4.73) and a 12-month high of GBX 618 ($8.08).

In other news, insider Elaine Bond acquired 3,485 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were bought at an average price of GBX 574 ($7.50) per share, with a total value of £20,003.90 ($26,138.64). Also, insider Paul Elliott Fineman acquired 2,084,200 shares of the company’s stock in a transaction on Tuesday, January 29th. The shares were purchased at an average cost of GBX 554 ($7.24) per share, for a total transaction of £11,546,468 ($15,087,505.55).

About IG Design Group

IG Design Group plc designs, manufactures, sources, and distributes gift packaging and greetings, stationery and creative play products, design-led giftware, and bags. It also provides partyware products; and home, school, and office products. The company serves large and mid-sized retailers, other manufacturers and wholesalers of greetings products, service merchandisers, and trading companies.

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