IG Design Group (LON:IGR) Stock Price Down 10.2% – What’s Next?

IG Design Group plc (LON:IGRGet Free Report)’s stock price traded down 10.2% on Tuesday . The stock traded as low as GBX 79.01 and last traded at GBX 79.01. 2,567,846 shares were traded during trading, an increase of 489% from the average session volume of 435,938 shares. The stock had previously closed at GBX 88.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on IGR

IG Design Group Price Performance

The company has a debt-to-equity ratio of 34.19, a quick ratio of 0.85 and a current ratio of 2.39. The company has a 50-day moving average price of GBX 69.22 and a 200-day moving average price of GBX 58.24. The firm has a market capitalization of £75.30 million, a P/E ratio of -0.30 and a beta of 0.75.

IG Design Group (LON:IGRGet Free Report) last released its quarterly earnings data on Tuesday, June 16th. The company reported GBX 5.60 EPS for the quarter. IG Design Group had a negative return on equity of 56.70% and a negative net margin of 23.57%.The business had revenue of £217.87 million during the quarter. On average, sell-side analysts predict that IG Design Group plc will post 16.1507402 earnings per share for the current year.

IG Design Group Company Profile

(Get Free Report)

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.

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