Insider Buying: IG Design Group (LON:IGR) Insider Purchases 50,000 Shares of Stock

IG Design Group plc (LON:IGR) insider Stewart Gilliland purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of GBX 84 per share, with a total value of £42,000.

IG Design Group Stock Up 3.1%

LON:IGR opened at GBX 82 on Wednesday. The company has a market capitalization of £78.15 million, a price-to-earnings ratio of -0.31 and a beta of 0.75. IG Design Group plc has a one year low of GBX 44 and a one year high of GBX 95. The stock has a 50-day simple moving average of GBX 69.76 and a 200 day simple moving average of GBX 58.48. The company has a debt-to-equity ratio of 34.19, a quick ratio of 0.85 and a current ratio of 2.39.

IG Design Group (LON:IGR) last issued its earnings results on Tuesday, June 16th. The company reported GBX 5.60 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 during the quarter. Sell-side analysts predict that IG Design Group plc will post 16.1507402 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 target price on shares of IG Design Group in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IG Design Group presently has a consensus rating of “Buy” and a consensus price target 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.