IG Design Group (LON:IGR) Shares Up 21.7% – Should You Buy?

IG Design Group plc (LON:IGR) shares were up 21.7% during mid-day trading on Monday . The stock traded as high as GBX 105 and last traded at GBX 104. Approximately 2,052,601 shares were traded during trading, an increase of 333% from the average daily volume of 473,611 shares. The stock had previously closed at GBX 85.45.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 price objective on shares of IG Design Group in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 150.

IG Design Group Stock Down 0.1%

The company has a current ratio of 3.03, a quick ratio of 0.85 and a debt-to-equity ratio of 33.47. The firm has a market cap of £93.90 million, a PE ratio of -0.84 and a beta of 0.75. The business’s 50-day simple moving average is GBX 81.86 and its 200 day simple moving average is GBX 65.54.

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 net margin of 1.00% and a negative return on equity of 2.17%. The company had revenue of £217.87 million during the quarter. As a group, equities research analysts expect that IG Design Group plc will post 16.1507402 earnings per share for the current year.

Insider Activity at IG Design Group

In other news, insider Rohan Cummings bought 43,741 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of GBX 91 per share, with a total value of £39,804.31. Also, insider Clare Askem purchased 21,276 shares of IG Design Group stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of GBX 94 per share, for a total transaction of £19,999.44. Insiders have acquired a total of 16,766,294 shares of company stock valued at $1,475,518,662 in the last three months. Company 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.