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

Key Points

• IG Design Group plc stock has fallen below its 200-day moving average, currently trading at GBX 58.40, which raises concerns about potential selling pressure.
• Analysts remain optimistic with a consensus rating of "Buy" and a target price of GBX 120, despite the recent dip in price.
• The company, a major player in the consumer gift packaging industry, has a market cap of £55.66 million and operates with a debt-to-equity ratio of 35.81.

IG Design Group plc (LON:IGR - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 64.67 ($0.87) and traded as low as GBX 57.30 ($0.77). IG Design Group shares last traded at GBX 58.40 ($0.79), with a volume of 100,664 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group initiated 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 target on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 120.

IG Design Group Price Performance

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 firm's 50 day moving average is GBX 59.15 and its 200 day moving average is GBX 64.67. The firm has a market cap of £55.66 million, a P/E ratio of -55.83 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.

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