IG Design Group (LON:IGR) Hits New 1-Year Low – What’s Next?

IG Design Group plc (LON:IGR) shares reached a new 52-week low on Monday . The company traded as low as GBX 45 and last traded at GBX 46.98, with a volume of 253901 shares trading hands. The stock had previously closed at GBX 50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 120 price objective on shares of IG Design Group in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 120.

IG Design Group Trading Down 1.1%

The company has a debt-to-equity ratio of 35.81, a quick ratio of 0.85 and a current ratio of 1.88. The business has a 50 day simple moving average of GBX 54.95 and a 200-day simple moving average of GBX 65.14. The stock has a market capitalization of £42.89 million, a P/E ratio of -0.43 and a beta of 1.08.

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.