IG Design Group (LON:IGR) Price Target Raised to GBX 680 at Berenberg Bank
IG Design Group (LON:IGR) had its target price lifted by stock analysts at Berenberg Bank from GBX 640 ($8.36) to GBX 680 ($8.89) in a research report issued on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 11.84% from the stock’s current price.
Separately, Canaccord Genuity restated a “buy” rating and issued a GBX 800 ($10.45) price objective on shares of IG Design Group in a research report on Monday, April 15th.
IG Design Group stock opened at GBX 608 ($7.94) on Tuesday. The company has a market capitalization of $476.46 million and a PE ratio of 24.72. IG Design Group has a 12 month low of GBX 362 ($4.73) and a 12 month high of GBX 618 ($8.08). The company has a debt-to-equity ratio of 58.91, a current ratio of 1.22 and a quick ratio of 0.76.
IG Design Group plc designs, manufactures, sources, and distributes gift packaging and greetings, stationery and creative play products, design-led giftware, and bags. It also provides partyware products; and home, school, and office products. The company serves large and mid-sized retailers, other manufacturers and wholesalers of greetings products, service merchandisers, and trading companies.
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