IG Design Group (LON:IGR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

IG Design Group plc (LON:IGR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 68.44 and traded as high as GBX 104. IG Design Group shares last traded at GBX 99.84, with a volume of 524,536 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 target price on shares of IG Design Group in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, IG Design Group presently has a consensus rating of “Buy” and a consensus target price of GBX 150.

IG Design Group Stock Performance

The company has a 50 day moving average price of GBX 86.11 and a 200-day moving average price of GBX 68.44. The company has a current ratio of 3.03, a quick ratio of 0.85 and a debt-to-equity ratio of 33.47. The company has a market cap of £92.54 million, a P/E ratio of -0.85 and a beta of 0.75.

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

Insider Activity

In related news, insider Stewart Gilliland purchased 50,000 shares of IG Design Group stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of GBX 84 per share, for a total transaction of £42,000. Also, insider John Gittins purchased 8,637 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of GBX 91 per share, for a total transaction of £7,859.67. In the last 90 days, insiders have acquired 16,766,294 shares of company stock valued at $1,475,518,662. Corporate insiders own 21.94% of the company’s stock.

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.