IG Design Group (LON:IGR) Announces Earnings Results

IG Design Group (LON:IGR) announced its quarterly earnings results on Tuesday. The company reported GBX 5.60 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of £217.87 million for the quarter. IG Design Group had a negative return on equity of 56.70% and a negative net margin of 23.57%.

IG Design Group Price Performance

IG Design Group stock opened at GBX 80 on Wednesday. IG Design Group has a 12 month low of GBX 44 and a 12 month high of GBX 95. The stock’s 50 day moving average is GBX 69.76 and its 200-day moving average is GBX 58.48. The company has a current ratio of 2.39, a quick ratio of 0.85 and a debt-to-equity ratio of 34.19. The company has a market capitalization of £76.25 million, a price-to-earnings ratio of -0.30 and a beta of 0.75.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 150 price target on shares of IG Design Group in a research report on Tuesday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 150.

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.