IG Design Group (LON:IGR) Sets New 12-Month High – Here’s What Happened

IG Design Group plc (LON:IGR) shares reached a new 52-week high during trading on Friday . The company traded as high as GBX 95 and last traded at GBX 85.45, with a volume of 612245 shares changing hands. The stock had previously closed at GBX 86.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 150 target price on shares of IG Design Group in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IG Design Group presently has an average rating of “Buy” and an average target price of GBX 150.

IG Design Group Stock Down 0.6%

The firm has a market cap of £80.76 million, a price-to-earnings ratio of -0.73 and a beta of 0.75. 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 price of GBX 80.74 and a 200-day moving average price of GBX 64.68.

IG Design Group (LON:IGR) last released its earnings results on Tuesday, June 16th. The company reported GBX 5.60 EPS for the quarter. IG Design Group had a negative return on equity of 2.17% and a negative net margin of 1.00%.The firm had revenue of £217.87 million during the quarter. As a group, sell-side analysts forecast that IG Design Group plc will post 16.1507402 EPS for the current year.

Insider Activity at IG Design Group

In related news, insider S Anders Hedlund acquired 16,642,640 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of GBX 88 per share, with a total value of £14,645,523.20. Also, insider Clare Askem bought 21,276 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of GBX 94 per share, for a total transaction of £19,999.44. Over the last 90 days, insiders have acquired 16,766,294 shares of company stock worth $1,475,518,662. Corporate insiders own 21.41% of the company’s stock.

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.