IG Design Group (LON:IGR) Trading Up 38.2% – Time to Buy?

IG Design Group plc (LON:IGR) shares were up 38.2% during trading on Wednesday . The company traded as high as GBX 67 and last traded at GBX 66. Approximately 668,740 shares were traded during mid-day trading, an increase of 297% from the average daily volume of 168,588 shares. The stock had previously closed at GBX 47.75.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 120 price objective on shares of IG Design Group in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IG Design Group has an average rating of “Buy” and a consensus price target of GBX 120.

IG Design Group Price Performance

The company has a debt-to-equity ratio of 35.81, a quick ratio of 0.85 and a current ratio of 1.88. The company has a market cap of £63.48 million, a P/E ratio of -0.25 and a beta of 1.08. The firm’s fifty day moving average is GBX 49.10 and its two-hundred day moving average is GBX 53.41.

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.