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

IG Design Group plc (LON:IGR)’s share price hit a new 52-week high during trading on Friday . The company traded as high as GBX 106 and last traded at GBX 106, with a volume of 331733 shares traded. The stock had previously closed at GBX 101.50.

Wall Street Analyst Weigh In

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

IG Design Group Stock Performance

The business has a fifty day moving average of GBX 82.98 and a 200 day moving average of GBX 66.29. The company has a market cap of £100.18 million, a P/E ratio of -0.90 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.

IG Design Group (LON:IGR) last released its quarterly earnings results on Tuesday, June 16th. The company reported GBX 5.60 earnings per share for the quarter. The business had revenue of £217.87 million for the quarter. IG Design Group had a negative net margin of 1.00% and a negative return on equity of 2.17%. On average, equities analysts predict that IG Design Group plc will post 16.1507402 EPS for the current year.

Insider Transactions at IG Design Group

In related news, insider John Gittins bought 8,637 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of GBX 91 per share, with a total value of £7,859.67. Also, insider Clare Askem purchased 21,276 shares of IG Design Group stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average price of GBX 94 per share, for a total transaction of £19,999.44. In the last 90 days, insiders bought 16,766,294 shares of company stock worth $1,475,518,662. 21.41% of the stock is owned by corporate insiders.

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.