IG Design Group (LON:IGR) Sets New 1-Year High – Time to Buy?

IG Design Group plc (LON:IGR)’s share price hit a new 52-week high on Friday . The company traded as high as GBX 95 and last traded at GBX 85.45, with a volume of 612245 shares changing hands. The stock had previously closed at GBX 86.

Wall Street Analysts Forecast Growth

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

IG Design Group Stock Performance

The firm has a fifty day moving average of GBX 80.45 and a 200-day moving average of GBX 64.54. The company has a quick ratio of 0.85, a current ratio of 3.03 and a debt-to-equity ratio of 33.47. The firm has a market cap of £80.76 million, a P/E ratio of -0.73 and a beta of 0.75.

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

Insider Activity at IG Design Group

In other IG Design Group news, insider Rohan Cummings purchased 43,741 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average cost of GBX 91 per share, with a total value of £39,804.31. Also, insider John Gittins acquired 8,637 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average price of GBX 91 per share, for a total transaction of £7,859.67. Insiders have acquired 16,766,294 shares of company stock worth $1,475,518,662 over the last 90 days. Insiders own 21.41% of the company’s stock.

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.