IG Design Group (LON:IGR) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

IG Design Group plc (LON:IGRGet Free Report)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 52 and traded as high as GBX 53. IG Design Group shares last traded at GBX 52, with a volume of 319,765 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 120 price objective on shares of IG Design Group in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IG Design Group has an average rating of “Buy” and a consensus price target of GBX 120.

View Our Latest Report on IG Design Group

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 35.81. The business has a 50-day moving average of GBX 52 and a 200 day moving average of GBX 63.47. The firm has a market capitalization of £49.56 million, a PE ratio of -0.20 and a beta of 1.08.

About IG Design Group

(Get Free Report)

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.

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