IG Design Group (LON:IGR) Stock: Insider Ari Bensoussan Acquires 465,799 Shares

IG Design Group plc (LON:IGR) insider Ari Bensoussan purchased 465,799 shares of IG Design Group stock in a transaction dated Thursday, October 8th. The stock was bought at an average price of GBX 92 per share, with a total value of £428,535.08.

IG Design Group Stock Up 6.3%

Shares of IGR stock opened at GBX 97.80 on Friday. IG Design Group plc has a 12-month low of GBX 44 and a 12-month high of GBX 110. 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 fifty day moving average of GBX 94.27 and a 200-day moving average of GBX 80.30. The company has a market capitalization of £88.05 million, a price-to-earnings ratio of -0.83 and a beta of 0.78.

Wall Street Analysts Forecast Growth

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

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.