IG Design Group (LON:IGR) Stock Price Up 38.2% – What’s Next?

IG Design Group plc (LON:IGRGet Free Report)’s share price rose 38.2% during trading on Wednesday . The stock traded as high as GBX 67 and last traded at GBX 66. Approximately 668,740 shares traded hands during trading, an increase of 297% from the average daily volume of 168,588 shares. The stock had previously closed at GBX 47.75.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 120 price objective on shares of IG Design Group in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 120.

Get Our Latest Research Report on IG Design Group

IG Design Group Trading Up 31.9%

The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.81. The stock has a market capitalization of £60.04 million, a P/E ratio of -0.24 and a beta of 1.08. The company has a fifty day simple moving average of GBX 48.63 and a two-hundred day simple moving average of GBX 53.29.

About IG Design Group

(Get Free Report)

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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