IG Design Group (LON:IGR) Announces Quarterly Earnings Results

IG Design Group (LON:IGR) announced its quarterly earnings data on Tuesday. The company reported GBX 5.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. IG Design Group had a negative return on equity of 56.70% and a negative net margin of 23.57%.The business had revenue of £217.87 million during the quarter.

IG Design Group Price Performance

Shares of IGR stock opened at GBX 83.10 on Tuesday. The firm has a market capitalization of £79.20 million, a price-to-earnings ratio of -0.32 and a beta of 0.75. IG Design Group has a 12-month low of GBX 44 and a 12-month high of GBX 95. 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 firm has a fifty day moving average of GBX 69.22 and a 200-day moving average of GBX 58.24.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised IG Design Group to a “buy” rating and lifted their price target for the stock from GBX 130 to GBX 150 in a research report on Thursday, April 30th. One investment 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 a consensus price target of GBX 150.

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.