Insider Buying: IG Design Group (LON:IGR) Insider Buys 50,000 Shares of Stock

IG Design Group plc (LON:IGR) insider Stewart Gilliland bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of GBX 84 per share, for a total transaction of £42,000.

IG Design Group Trading Up 3.1%

Shares of IGR opened at GBX 82 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 0.85 and a debt-to-equity ratio of 34.19. The firm has a market capitalization of £78.15 million, a P/E ratio of -0.31 and a beta of 0.75. The stock’s fifty day simple moving average is GBX 69.76 and its 200 day simple moving average is GBX 58.48. IG Design Group plc has a twelve month low of GBX 44 and a twelve month high of GBX 95.

IG Design Group (LON:IGR) last released its quarterly earnings data on Tuesday, June 16th. The company reported GBX 5.60 EPS for the quarter. IG Design Group had a negative return on equity of 56.70% and a negative net margin of 23.57%.The company had revenue of £217.87 million for the quarter. On average, equities research analysts forecast that IG Design Group plc will post 16.1507402 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 150 price objective on shares of IG Design Group in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 150.

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.