IG Design Group (LON:IGR) Stock Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• IG Design Group plc stock has recently traded below its two hundred day moving average of GBX 64.83, hitting a low of GBX 53 ($0.72) before last trading at GBX 53.60 ($0.73).
• Canaccord Genuity Group initiated coverage with a **"buy" rating** and a target price of GBX 120, while two analysts currently rate the stock as a Buy with an average target price of GBX 195.
• The company's current market capitalization stands at **£51.09 million** and it has a debt-to-equity ratio of 35.81, with recent trading reflecting a decline of **1.8%**.

IG Design Group plc (LON:IGR - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 64.83 ($0.87) and traded as low as GBX 53 ($0.71). IG Design Group shares last traded at GBX 53.60 ($0.72), with a volume of 124,399 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group started coverage on IG Design Group in a research note on Tuesday, July 29th. They issued a "buy" rating and a GBX 120 price target on the stock. Two equities 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 a consensus price target of GBX 195.

IG Design Group Stock Performance

The stock's 50-day simple moving average is GBX 62.66 and its 200 day simple moving average is GBX 64.78. The company has a debt-to-equity ratio of 35.81, a current ratio of 1.88 and a quick ratio of 0.85. The stock has a market capitalization of £51.47 million, a P/E ratio of -51.63 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.