IG Design Group (LON:IGR) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

IG Design Group plc (LON:IGR)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 64.05 and traded as high as GBX 87. IG Design Group shares last traded at GBX 82.50, with a volume of 120,472 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded shares of IG Design Group to a “buy” rating and raised their target price for the company from GBX 130 to GBX 150 in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 150.

IG Design Group Price Performance

The company has a debt-to-equity ratio of 34.19, a current ratio of 2.39 and a quick ratio of 0.85. The company’s 50-day simple moving average is GBX 64.05 and its 200-day simple moving average is GBX 56.03. The stock has a market capitalization of £78.63 million, a price-to-earnings ratio of -0.31 and a beta of 0.70.

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.

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