IG Design Group (LON:IGR) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

IG Design Group plc (LON:IGR) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 64.05 and traded as high as GBX 87. IG Design Group shares last traded at GBX 82.50, with a volume of 120,472 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded shares of IG Design Group to a “buy” rating and lifted their price target for the company from GBX 130 to GBX 150 in a research report on Thursday, April 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 150.

IG Design Group Price Performance

The business’s 50 day moving average is GBX 64.05 and its 200-day moving average is GBX 56.03. The firm has a market capitalization of £78.63 million, a P/E ratio of -0.31 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 2.39 and a debt-to-equity ratio of 34.19.

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.

Its five major product categories are: Celebrations, Craft, Stationery and Creative Play, Gifting, and Not-for-resale consumables.