IG Design Group (LON:IGR) Trading Up 21.7% – Should You Buy?

IG Design Group plc (LON:IGR) traded up 21.7% during mid-day trading on Monday . The company traded as high as GBX 105 and last traded at GBX 104. 2,052,601 shares traded hands during trading, an increase of 333% from the average daily volume of 473,611 shares. The stock had previously closed at GBX 85.45.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 150 target price on shares of IG Design Group in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 150.

IG Design Group Stock Performance

The company has a current ratio of 3.03, a quick ratio of 0.85 and a debt-to-equity ratio of 33.47. The firm has a 50-day simple moving average of GBX 80.74 and a two-hundred day simple moving average of GBX 64.78. The company has a market capitalization of £98.29 million, a price-to-earnings ratio of -0.88 and a beta of 0.75.

IG Design Group (LON:IGR) last announced its quarterly earnings results on Tuesday, June 16th. The company reported GBX 5.60 earnings per share (EPS) for the quarter. The business had revenue of £217.87 million during the quarter. IG Design Group had a negative return on equity of 2.17% and a negative net margin of 1.00%. As a group, sell-side analysts forecast that IG Design Group plc will post 16.1507402 earnings per share for the current fiscal year.

Insider Transactions at IG Design Group

In other IG Design Group news, insider John Gittins acquired 8,637 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of GBX 91 per share, with a total value of £7,859.67. Also, insider Rohan Cummings acquired 43,741 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of GBX 91 per share, for a total transaction of £39,804.31. Insiders have acquired a total of 16,766,294 shares of company stock valued at $1,475,518,662 in the last ninety days. 21.41% of the stock is currently owned by insiders.

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.

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