IG Design Group (LON:IGR) Trading 11.5% Higher – What’s Next?

Shares of IG Design Group plc (LON:IGR) shot up 11.5% during trading on Tuesday . The company traded as high as GBX 142.22 ($1.84) and last traded at GBX 141 ($1.83). 294,037 shares were traded during trading, an increase of 44% from the average session volume of 203,929 shares. The stock had previously closed at GBX 126.50 ($1.64).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price target on shares of IG Design Group from GBX 325 ($4.21) to GBX 270 ($3.50) and set a “buy” rating on the stock in a research report on Thursday, September 26th.

IG Design Group Price Performance

The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 35.04. The business’s 50-day simple moving average is GBX 155.24 and its 200 day simple moving average is GBX 179.91. The company has a market capitalization of £141.68 million, a P/E ratio of 518.39 and a beta of 1.08.

About IG Design Group

IG Design Group plc engages in the design, production, and distribution of celebrations, craft and creative play, stationery, gifting, and not for re-sale consumable products in the Americas, the United Kingdom, and internationally. It operates in two segments, the DG Americas and the DG International.