IG Design Group (IGR) Receives Buy Rating from Canaccord Genuity

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Canaccord Genuity restated their buy rating on shares of IG Design Group (LON:IGR) in a research note published on Monday, Digital Look reports. The firm currently has a GBX 800 ($10.45) price target on the stock.

Separately, Berenberg Bank reiterated a buy rating and issued a GBX 640 ($8.36) target price on shares of IG Design Group in a research report on Monday.

LON:IGR opened at GBX 589.20 ($7.70) on Monday. The company has a quick ratio of 0.76, a current ratio of 1.22 and a debt-to-equity ratio of 58.91. The firm has a market cap of $461.73 million and a price-to-earnings ratio of 23.95. IG Design Group has a fifty-two week low of GBX 362 ($4.73) and a fifty-two week high of GBX 618 ($8.08).

In other IG Design Group news, insider Elaine Bond bought 3,485 shares of IG Design Group stock in a transaction dated Thursday, February 21st. The stock was acquired at an average cost of GBX 574 ($7.50) per share, for a total transaction of £20,003.90 ($26,138.64). Also, insider Paul Elliott Fineman bought 2,084,200 shares of IG Design Group stock in a transaction dated Tuesday, January 29th. The stock was acquired at an average price of GBX 554 ($7.24) per share, with a total value of £11,546,468 ($15,087,505.55).

IG Design Group Company Profile

IG Design Group plc designs, manufactures, sources, and distributes gift packaging and greetings, stationery and creative play products, design-led giftware, and bags. It also provides partyware products; and home, school, and office products. The company serves large and mid-sized retailers, other manufacturers and wholesalers of greetings products, service merchandisers, and trading companies.

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