IG Design Group (LON:IGR) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of IG Design Group plc (LON:IGR) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 94.65 and traded as high as GBX 95.50. IG Design Group shares last traded at GBX 93, with a volume of 300,388 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set 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, Based on data from MarketBeat.com, IG Design Group currently has an average rating of “Buy” and a consensus target price of GBX 150.

IG Design Group Stock Performance

The business has a 50-day moving average of GBX 94.44 and a 200 day moving average of GBX 80.02. The company has a debt-to-equity ratio of 33.47, a current ratio of 3.03 and a quick ratio of 0.85. The company has a market cap of £82.82 million, a PE ratio of -0.78 and a beta of 0.78.

About IG Design Group

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.