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IG Design Group (LON:IGR) Stock Passes Above 200 Day Moving Average - What's Next?

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Shares of IG Design Group plc (LON:IGR - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 68.44 and traded as high as GBX 104. IG Design Group shares last traded at GBX 99.84, with a volume of 524,536 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 150 target price on shares of IG Design Group in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of GBX 150.

View Our Latest Stock Analysis on IGR

IG Design Group Stock Down 0.7%

The firm has a market capitalization of £92.54 million, a PE ratio of -0.85 and a beta of 0.75. The company has a fifty day simple moving average of GBX 86.11 and a two-hundred day simple moving average of GBX 68.44. The company has a debt-to-equity ratio of 33.47, a quick ratio of 0.85 and a current ratio of 3.03.

IG Design Group (LON:IGR - Get Free Report) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX 5.60 EPS for the quarter. IG Design Group had a negative return on equity of 2.17% and a negative net margin of 1.00%.The firm had revenue of £217.87 million for the quarter. Analysts forecast that IG Design Group plc will post 16.1507402 EPS for the current fiscal year.

Insider Buying and Selling at IG Design Group

In other IG Design Group news, insider Stewart Gilliland purchased 50,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of GBX 84 per share, with a total value of £42,000. Also, insider Clare Askem acquired 21,276 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of GBX 94 per share, for a total transaction of £19,999.44. In the last ninety days, insiders have bought 16,766,294 shares of company stock worth $1,475,518,662. 21.94% of the stock is currently owned by company insiders.

IG Design Group Company Profile

(Get Free Report)

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.

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