IG Design Group (LON:IGR) Hits New 12-Month Low – Should You Sell?

IG Design Group plc (LON:IGR)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 45 and last traded at GBX 46.98, with a volume of 253901 shares trading hands. The stock had previously closed at GBX 50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 120 price target on shares of IG Design Group in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 120.

IG Design Group Stock Performance

The firm has a market cap of £44.78 million, a PE ratio of -0.45 and a beta of 1.08. The stock has a 50-day moving average price of GBX 55.25 and a 200 day moving average price of GBX 65.35. The company has a debt-to-equity ratio of 35.81, a current ratio of 1.88 and a quick ratio of 0.85.

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.