IG Design Group (LON:IGR) Now Covered by Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reaffirmed a "buy" rating for IG Design Group with a price target of GBX 120 ($1.60), suggesting a potential upside of 90.42% from its current stock price.
• Despite this optimistic outlook, IG Design Group's stock has experienced a significant decline of 16.5%, currently trading at GBX 63.02 ($0.84).
• IG Design Group is the largest consumer gift packaging business globally, serving over 11,000 customers in more than 80 countries, with products available in over 210,000 retail outlets.

Research analysts at Canaccord Genuity Group started coverage on shares of IG Design Group (LON:IGR - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The firm set a "buy" rating and a GBX 120 ($1.59) price target on the stock. Canaccord Genuity Group's price target suggests a potential upside of 90.48% from the stock's current price.

IG Design Group Stock Performance

IGR stock remained flat at GBX 63 ($0.84) during mid-day trading on Tuesday. The company's stock had a trading volume of 394,674 shares, compared to its average volume of 367,649. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.81. IG Design Group has a 12 month low of GBX 45.92 ($0.61) and a 12 month high of GBX 232 ($3.08). The business's fifty day moving average price is GBX 79.26 and its two-hundred day moving average price is GBX 67.52. The stock has a market cap of £61.82 million, a PE ratio of 2.14 and a beta of 1.08.

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.