IG Design Group (IGR) Rating Reiterated by Berenberg Bank

IG Design Group (LON:IGR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued on Monday, Digital Look reports. They presently have a GBX 640 ($8.36) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 8.92% from the stock’s previous close.

Separately, Canaccord Genuity started coverage on shares of IG Design Group in a research note on Tuesday, January 22nd. They issued a “buy” rating and a GBX 800 ($10.45) price objective for the company.

Shares of LON:IGR traded down GBX 12.40 ($0.16) during mid-day trading on Monday, reaching GBX 587.60 ($7.68). The company had a trading volume of 94,167 shares, compared to its average volume of 60,307. The company has a current ratio of 1.22, a quick ratio of 0.76 and a debt-to-equity ratio of 58.91. The stock has a market capitalization of $460.47 million and a PE ratio of 23.89. IG Design Group has a one year low of GBX 362 ($4.73) and a one year high of GBX 618 ($8.08).

In other IG Design Group news, insider Elaine Bond acquired 3,485 shares of IG Design Group stock in a transaction that occurred on Thursday, February 21st. The stock was acquired at an average cost of GBX 574 ($7.50) per share, for a total transaction of £20,003.90 ($26,138.64). Also, insider Paul Elliott Fineman acquired 2,084,200 shares of IG Design Group stock in a transaction that occurred on Tuesday, January 29th. The stock was acquired at an average price of GBX 554 ($7.24) per share, with a total value of £11,546,468 ($15,087,505.55).

About IG Design Group

IG Design Group plc designs, manufactures, sources, and distributes gift packaging and greetings, stationery and creative play products, design-led giftware, and bags. It also provides partyware products; and home, school, and office products. The company serves large and mid-sized retailers, other manufacturers and wholesalers of greetings products, service merchandisers, and trading companies.

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