IG Design Group (LON:IGR) Stock Rating Reaffirmed as Buy by Canaccord Genuity Group

IG Design Group (LON:IGR)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, Digital Look reports. They presently have a GBX 150 price target on the stock. Canaccord Genuity Group‘s price objective indicates a potential upside of 68.84% from the company’s current price.

IG Design Group Trading Down 1.8%

LON IGR opened at GBX 88.84 on Tuesday. The stock has a market cap of £79.98 million, a P/E ratio of -0.75 and a beta of 0.78. IG Design Group has a fifty-two week low of GBX 44 and a fifty-two week high of GBX 110. The stock has a 50 day simple moving average of GBX 93.32 and a two-hundred day simple moving average of GBX 74.66. The company has a debt-to-equity ratio of 33.47, a quick ratio of 0.85 and a current ratio of 3.03.

Insider Buying and Selling

In related news, insider Ari Bensoussan purchased 465,799 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were acquired at an average price of GBX 92 per share, for a total transaction of £428,535.08. 22.59% of the stock is owned by insiders.

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.