IG Design Group (LON:IGR) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

IG Design Group plc (LON:IGR)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 64.05 and traded as high as GBX 87. IG Design Group shares last traded at GBX 82.50, with a volume of 120,472 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded IG Design Group to a “buy” rating and lifted their price target for the company from GBX 130 to GBX 150 in a report on Thursday, April 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 150.

IG Design Group Price Performance

The stock has a fifty day moving average price of GBX 65.19 and a 200-day moving average price of GBX 56.43. The firm has a market capitalization of £77.20 million, a PE ratio of -0.31 and a beta of 0.75. The company has a debt-to-equity ratio of 34.19, a quick ratio of 0.85 and a current ratio of 2.39.

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.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.