IG Design Group (LON:IGR) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

IG Design Group plc (LON:IGRGet Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 49.93 and traded as high as GBX 51.60. IG Design Group shares last traded at GBX 50.02, with a volume of 358,853 shares traded.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on IG Design Group

IG Design Group Stock Down 4.2%

The company has a debt-to-equity ratio of 35.81, a quick ratio of 0.85 and a current ratio of 1.88. The stock has a market cap of £47.67 million, a price-to-earnings ratio of -0.19 and a beta of 1.08. The business’s 50 day moving average is GBX 49.93 and its 200 day moving average is GBX 61.10.

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.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.

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