IG Design Group (LON:IGR) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• IG Design Group's stock price has fallen below its 200-day moving average, trading as low as GBX 59 ($0.80) after closing at GBX 62 ($0.84).
• Canaccord Genuity Group issued a "buy" rating on IG Design Group with a target price of GBX 120, while the consensus target price among analysts is GBX 195.
• The company operates globally with over 11,000 customers and its products are available in more than 210,000 retail outlets, including major retailers like Walmart and Amazon.

IG Design Group plc (LON:IGR - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 65.21 ($0.88) and traded as low as GBX 59 ($0.80). IG Design Group shares last traded at GBX 62 ($0.84), with a volume of 197,541 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group initiated coverage on shares of IG Design Group in a research note on Tuesday, July 29th. They issued a "buy" rating and a GBX 120 price objective for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, IG Design Group currently has an average rating of "Buy" and an average price target of GBX 195.

IG Design Group Stock Up 1.3%

The business's 50 day moving average is GBX 72.09 and its 200 day moving average is GBX 65.26. The company has a market cap of £59.86 million, a P/E ratio of 2.07 and a beta of 1.08. 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 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.