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

Key Points

• IG Design Group's stock price fell below its 200-day moving average, trading at GBX 53.40 ($0.72) while the average is GBX 65.09 ($0.88).
• Canaccord Genuity started coverage with a buy rating and a target price of GBX 120, with two other analysts also rating it a Buy.
• The company holds a market cap of £52.42 million, with a PE ratio of -52.58 and significant retail partnerships across multiple countries.

IG Design Group plc (LON:IGR - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 65.09 ($0.88) and traded as low as GBX 53 ($0.72). IG Design Group shares last traded at GBX 53.40 ($0.72), with a volume of 177,716 shares traded.

Analyst Upgrades and Downgrades

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

IG Design Group Stock Performance

The firm has a market cap of £52.42 million, a PE ratio of -52.58 and a beta of 1.08. The company's fifty day moving average price is GBX 66.32 and its two-hundred day moving average price is GBX 65.09. The company has a quick ratio of 0.85, a current ratio of 1.88 and a debt-to-equity ratio of 35.81.

About IG Design Group

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.

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