IG Design Group (LON:IGR) Trading 11.5% Higher – What’s Next?

by · The Cerbat Gem

Shares of IG Design Group plc (LON:IGR – Get Free Report) traded up 11.5% on Tuesday . The stock traded as high as GBX 142.22 ($1.84) and last traded at GBX 141 ($1.83). 294,037 shares were traded during trading, an increase of 44% from the average session volume of 203,929 shares. The stock had previously closed at GBX 126.50 ($1.64).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price objective on shares of IG Design Group from GBX 325 ($4.21) to GBX 270 ($3.50) and set a “buy” rating for the company in a report on Thursday, September 26th.

Get Our Latest Research Report on IGR

IG Design Group Price Performance

The company’s fifty day moving average price is GBX 155.24 and its 200 day moving average price is GBX 179.91. The company has a debt-to-equity ratio of 35.04, a quick ratio of 0.85 and a current ratio of 1.88. The firm has a market capitalization of £141.68 million, a price-to-earnings ratio of 518.39 and a beta of 1.08.

About IG Design Group

(Get Free Report)

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.

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