IG Design Group (LON:IGR) Sets New 52-Week Low – Here’s Why

IG Design Group plc (LON:IGR)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 55 ($0.67) and last traded at GBX 58 ($0.71), with a volume of 2393759 shares changing hands. The stock had previously closed at GBX 59.60 ($0.72).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on shares of IG Design Group from GBX 325 ($3.95) to GBX 270 ($3.28) and set a “buy” rating for the company in a research note on Thursday, September 26th.

IG Design Group Trading Down 2.7 %

The business has a fifty day moving average price of GBX 132.46 and a 200-day moving average price of GBX 158.92. The company has a market cap of £55.26 million, a P/E ratio of 207.14 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.04.

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.