IG Design Group (LON:IGR) Insider S Anders Hedlund Acquires 16,642,640 Shares

IG Design Group plc (LON:IGR) insider S Anders Hedlund acquired 16,642,640 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average price of GBX 88 per share, with a total value of £14,645,523.20.

IG Design Group Trading Up 3.1%

Shares of LON IGR opened at GBX 82 on Wednesday. The company has a debt-to-equity ratio of 34.19, a current ratio of 2.39 and a quick ratio of 0.85. The stock has a market capitalization of £78.15 million, a P/E ratio of -0.31 and a beta of 0.75. IG Design Group plc has a 1-year low of GBX 44 and a 1-year high of GBX 95. The business has a fifty day moving average price of GBX 69.76 and a 200 day moving average price of GBX 58.48.

IG Design Group (LON:IGR) last announced its earnings results on Tuesday, June 16th. The company reported GBX 5.60 earnings per share (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 company had revenue of £217.87 million for the quarter. Equities research analysts expect that IG Design Group plc will post 16.1507402 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 150.

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.