IG Design Group (LON:IGR) Share Price Passes Above 200-Day Moving Average – Here’s Why

IG Design Group plc (LON:IGR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 68.44 and traded as high as GBX 104. IG Design Group shares last traded at GBX 99.84, with a volume of 524,536 shares traded.

Analyst Ratings Changes

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

IG Design Group Price Performance

The stock’s fifty day moving average is GBX 86.11 and its 200-day moving average is GBX 68.44. The company has a debt-to-equity ratio of 33.47, a current ratio of 3.03 and a quick ratio of 0.85. The stock has a market capitalization of £92.54 million, a PE ratio of -0.85 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 for the quarter. The firm 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, equities analysts predict that IG Design Group plc will post 16.1507402 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Gittins purchased 8,637 shares of the company’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 S Anders Hedlund purchased 16,642,640 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of GBX 88 per share, with a total value of £14,645,523.20. Over the last ninety days, insiders have bought 16,766,294 shares of company stock worth $1,475,518,662. Insiders own 21.94% of the company’s stock.

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.