IG Design Group (LON:IGR) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of IG Design Group plc (LON:IGR) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 79.82 and traded as high as GBX 85. IG Design Group shares last traded at GBX 84, with a volume of 201,120 shares trading hands.

Wall Street Analyst Weigh In

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

IG Design Group Trading Up 2.3%

The company has a debt-to-equity ratio of 33.47, a quick ratio of 0.85 and a current ratio of 3.03. The stock has a market cap of £81.17 million, a P/E ratio of -0.73 and a beta of 0.75. The stock has a 50-day moving average price of GBX 79.82 and a 200-day moving average price of GBX 63.79.

IG Design Group (LON:IGR) last posted its quarterly earnings data on Tuesday, June 16th. The company reported GBX 5.60 earnings per share for the quarter. The company had revenue of £217.87 million for the quarter. IG Design Group had a negative net margin of 1.00% and a negative return on equity of 2.17%. On average, equities research analysts expect that IG Design Group plc will post 16.1507402 EPS for the current year.

Insider Transactions at IG Design Group

In related news, insider Clare Askem acquired 21,276 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of GBX 94 per share, with a total value of £19,999.44. Also, insider Rohan Cummings acquired 43,741 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of GBX 91 per share, with a total value of £39,804.31. Over the last ninety days, insiders have purchased 16,766,294 shares of company stock worth $1,475,518,662. Company insiders own 21.41% 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.