IG Design Group (LON:IGR – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 150 price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 80.51% from the company’s previous close.
IG Design Group Stock Down 5.6%
Shares of LON:IGR traded down GBX 4.90 during midday trading on Tuesday, hitting GBX 83.10. 1,650,169 shares of the company’s stock traded hands, compared to its average volume of 427,817. IG Design Group has a twelve month low of GBX 44 and a twelve month high of GBX 95. The firm’s fifty day moving average price is GBX 69.22 and its two-hundred day moving average price is GBX 58.24. The company has a debt-to-equity ratio of 34.19, a quick ratio of 0.85 and a current ratio of 2.39. The company has a market cap of £79.20 million, a PE ratio of -0.32 and a beta of 0.75.
IG Design Group (LON:IGR – Get Free Report) last released its quarterly earnings results on Tuesday, June 16th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. IG Design Group had a negative net margin of 23.57% and a negative return on equity of 56.70%. The firm had revenue of £217.87 million for the quarter. On average, equities research analysts anticipate that IG Design Group will post 16.1507402 EPS for the current fiscal year.
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.
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