IG Design Group (LON:IGR) Shares Cross Above 50-Day Moving Average – Time to Sell?

IG Design Group plc (LON:IGR) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 72.74 and traded as high as GBX 77.49. IG Design Group shares last traded at GBX 74.80, with a volume of 204,707 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 150 price target on shares of IG Design Group in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 150.

IG Design Group Price Performance

The company has a market cap of £71.29 million, a PE ratio of -0.29 and a beta of 0.75. The company has a quick ratio of 0.85, a current ratio of 2.39 and a debt-to-equity ratio of 34.19. The stock has a 50-day simple moving average of GBX 72.74 and a 200 day simple moving average of GBX 59.81.

IG Design Group (LON:IGR) last posted its earnings results on Tuesday, June 16th. The company reported GBX 5.60 EPS for the quarter. The firm had revenue of £217.87 million for the quarter. IG Design Group had a negative net margin of 23.57% and a negative return on equity of 56.70%. Equities analysts expect that IG Design Group plc will post 16.1507402 EPS for the current year.

Insider Transactions at IG Design Group

In other news, insider Stewart Gilliland purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of GBX 84 per share, for a total transaction of £42,000. Also, insider Clare Askem acquired 21,276 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of GBX 94 per share, for a total transaction of £19,999.44. Over the last quarter, insiders acquired 16,766,294 shares of company stock worth $1,475,518,662. Insiders own 3.75% of the company’s stock.

About IG Design Group

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.