Insider Buying: IG Design Group (LON:IGR) Insider Buys £428,535.08 in Stock

IG Design Group plc (LON:IGR) insider Ari Bensoussan acquired 465,799 shares of IG Design Group stock in a transaction on Thursday, October 8th. The stock was purchased at an average cost of GBX 92 per share, with a total value of £428,535.08.

IG Design Group Stock Performance

Shares of IG Design Group stock opened at GBX 99.80 on Monday. The company has a current ratio of 3.03, a quick ratio of 0.85 and a debt-to-equity ratio of 33.47. IG Design Group plc has a 12 month low of GBX 44 and a 12 month high of GBX 110. The firm has a market capitalization of £89.85 million, a P/E ratio of -0.85 and a beta of 0.78. The business’s fifty day simple moving average is GBX 94.15 and its 200 day simple moving average is GBX 80.62.

Wall Street Analysts Forecast Growth

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

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.