IG Design Group (LON:IGR) Trading 7.5% Higher – What’s Next?

IG Design Group plc (LON:IGR) shares were up 7.5% during trading on Wednesday . The company traded as high as GBX 67 ($0.83) and last traded at GBX 63.23 ($0.78). Approximately 459,483 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,023,895 shares. The stock had previously closed at GBX 58.80 ($0.72).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their target price on shares of IG Design Group from GBX 325 ($4.01) to GBX 270 ($3.33) and set a “buy” rating on the stock in a report on Thursday, September 26th.

IG Design Group Stock Performance

The company has a debt-to-equity ratio of 35.04, a current ratio of 1.88 and a quick ratio of 0.85. The stock has a 50-day moving average price of GBX 130.90 and a 200-day moving average price of GBX 157.97. The company has a market capitalization of £60.03 million, a price-to-earnings ratio of 225.00 and a beta of 1.08.

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.